December 1, 2025 • 7 mins
LISTEN and SUBSCRIBE on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
White-collar crime pays—and this case proves it again. After orchestrating a massive Ponzi scheme that devastated thousands, a politically-connected private equity executive walked out of prison before Thanksgiving. This episode dives into the broken incentives, regulatory failures, and media silence that allow financial con artists to escape real consequences.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
White-collar crime pays—and this case proves it again. After orchestrating a massive Ponzi scheme that devastated thousands, a politically-connected private equity executive walked out of prison before Thanksgiving. This episode dives into the broken incentives, regulatory failures, and media silence that allow financial con artists to escape real consequences.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Something that I'm none too happy about, but well aware
of and have talked about for some time. It is
unfortunate in this country, but white collar crime pays. It does.
I've been in the business of going after financial con
artists fraud going all the way back to the nineteen nineties.
(00:37):
It's how this program started. We were going after the
Jordan Belforts and the Penny Stock firms back in the day.
And we started going after the big firms with dot
COM's and en run and all the manipulation that took place.
And I came to the realization back in a late
(01:00):
nineteen nineties that white collar crime pays. It really does.
I say, you know, it makes no sense, makes no
sense if you're going to be a bad guy in life,
if you've had that ethical bypass at birth, make sure
you study hard school, get yourself a great education, go
to a top school, and then find your way to
Wall Street, because you'll pay a fine and you're going
(01:24):
to walk away ninety nine point nine percent of the time.
That's just how it goes. Kids. Again, I've been covering it.
I've been warning people. Here is another example. This is
not a story from a long time ago. This is
something that we warn people about. We've talked about this
story here and yeah, I'm disgusted, disgusted, but again, you know, Chinatown.
(01:51):
Forget it, Markowski, It's Chinatown. It is what it is.
Our president has set free a private equity executive who served,
wait for it, less than two weeks, less than two
weeks of a seven year sentence, seven year sentence, a
(02:17):
one point six billion dollar ponzi scheme that defrauded thousands
of victims. Now, again, you might be familiar with the
wolf on Wall Street. This is way bigger. You can't
even compare for crying out loud David Genteel. Again, he
(02:41):
was also involved in politics on Long Island. Nassau County
reported prison on November fourteenth, was released day before Thanksgiving. Yeah,
they were convicted in August of twenty twenty four of
securities and wire fraud charges. He was sentenced this past May.
(03:09):
He got a well, he got a commutation, meaning that
I guess he may have to steal pony up money
pay penalties that was associated with this. But I'm sure
I'm sure that David Genteel, being the expert white collar
criminally as I'm sure he's got that money stashed away
in the Caribbean somewhere six years out. In two weeks.
(03:35):
In a social media post on Thanksgiving, Alice Marie Johnson,
Donald Trump's pardons are, said she was deeply grateful to
see David Genteel heading home to his young children. We've
(03:55):
had a lot of white collar criminals they just anyway.
The private equity funds, it wasn't just Genteels, it's another
guy by the name of Schneider defrauded ten thousand investors
by misrepresenting the performance of the funds and the source
of the money used to make monthly distribution payment skin
(04:20):
Ponzi Ski Ponzi scheme thousand. More than a thousand people
submitted statements attesting to their losses. Victims as hardworking everyday people,
including small business owners, farmers, veterans, teachers, and nurses. I
lost my whole life savings, one wrote, adding I am
(04:40):
living from check to check again and I guess two
thousand voters here or there. I guess you know. It's
not a big deal to the administration, But white collar
crime does pay here in this country. It is what
(05:00):
it is. That the thing that you need to learn.
One of the things I try to get across here
on the program is don't get ripped off. Don't get
ripped off. The sec is not gonna save you. FINRA's
not gonna save you. You're not going to get justice
in the court system. This guy will pay back pennies
(05:21):
on the dollar. He's probably already declared bankruptcy, probably has
homesteaded real estate and places where they can't take it,
has accounts in the Caribbean. This is how it works
here in this cartry. I don't like it. It makes
me sick to my stomach. I rail against it. You
hear me yell and scream on a regular basis, whether
(05:44):
beyond this program or whether it be on the radio
show wherever I may be, doesn't matter. Doesn't matter. Now,
one would think that this is kind of a big story,
right They talk about it on Fox Business Today. Multi
billion dollars Ponzi scheme. Guy gets sentenced, goes to jail
(06:05):
for two weeks and walks they talk about it on
c NBC today. No, because they don't give a rats
ass about you and the individual investors out there. And
that's one of the things that, you know, God willing,
(06:25):
you'll start to understand again. I can shake my head.
I didn't yell one time during this thing. It makes
no sense, you know. I can yell and scream all
I want. Okay, Look, when you're doing things, don't look
for shortcuts. Don't look for shortcuts. There's no guarantees anything
(06:49):
like that. Everything in life that has meaning, value and
worth involves work, time and effort. I try to get
that across again and again and again. If you've been
victimized by some con artists again, the odds, the odds
of getting anything, let alone being made whole again are
slim and none. Watchdog on Wall Street dot Com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Something that I'm none too happy about, but well aware
of and have talked about for some time. It is
unfortunate in this country, but white collar crime pays. It does.
I've been in the business of going after financial con
artists fraud going all the way back to the nineteen nineties.
(00:37):
It's how this program started. We were going after the
Jordan Belforts and the Penny Stock firms back in the day.
And we started going after the big firms with dot
COM's and en run and all the manipulation that took place.
And I came to the realization back in a late
(01:00):
nineteen nineties that white collar crime pays. It really does.
I say, you know, it makes no sense, makes no
sense if you're going to be a bad guy in life,
if you've had that ethical bypass at birth, make sure
you study hard school, get yourself a great education, go
to a top school, and then find your way to
Wall Street, because you'll pay a fine and you're going
(01:24):
to walk away ninety nine point nine percent of the time.
That's just how it goes. Kids. Again, I've been covering it.
I've been warning people. Here is another example. This is
not a story from a long time ago. This is
something that we warn people about. We've talked about this
story here and yeah, I'm disgusted, disgusted, but again, you know, Chinatown.
(01:51):
Forget it, Markowski, It's Chinatown. It is what it is.
Our president has set free a private equity executive who served,
wait for it, less than two weeks, less than two
weeks of a seven year sentence, seven year sentence, a
(02:17):
one point six billion dollar ponzi scheme that defrauded thousands
of victims. Now, again, you might be familiar with the
wolf on Wall Street. This is way bigger. You can't
even compare for crying out loud David Genteel. Again, he
(02:41):
was also involved in politics on Long Island. Nassau County
reported prison on November fourteenth, was released day before Thanksgiving. Yeah,
they were convicted in August of twenty twenty four of
securities and wire fraud charges. He was sentenced this past May.
(03:09):
He got a well, he got a commutation, meaning that
I guess he may have to steal pony up money
pay penalties that was associated with this. But I'm sure
I'm sure that David Genteel, being the expert white collar
criminally as I'm sure he's got that money stashed away
in the Caribbean somewhere six years out. In two weeks.
(03:35):
In a social media post on Thanksgiving, Alice Marie Johnson,
Donald Trump's pardons are, said she was deeply grateful to
see David Genteel heading home to his young children. We've
(03:55):
had a lot of white collar criminals they just anyway.
The private equity funds, it wasn't just Genteels, it's another
guy by the name of Schneider defrauded ten thousand investors
by misrepresenting the performance of the funds and the source
of the money used to make monthly distribution payment skin
(04:20):
Ponzi Ski Ponzi scheme thousand. More than a thousand people
submitted statements attesting to their losses. Victims as hardworking everyday people,
including small business owners, farmers, veterans, teachers, and nurses. I
lost my whole life savings, one wrote, adding I am
(04:40):
living from check to check again and I guess two
thousand voters here or there. I guess you know. It's
not a big deal to the administration, But white collar
crime does pay here in this country. It is what
(05:00):
it is. That the thing that you need to learn.
One of the things I try to get across here
on the program is don't get ripped off. Don't get
ripped off. The sec is not gonna save you. FINRA's
not gonna save you. You're not going to get justice
in the court system. This guy will pay back pennies
(05:21):
on the dollar. He's probably already declared bankruptcy, probably has
homesteaded real estate and places where they can't take it,
has accounts in the Caribbean. This is how it works
here in this cartry. I don't like it. It makes
me sick to my stomach. I rail against it. You
hear me yell and scream on a regular basis, whether
(05:44):
beyond this program or whether it be on the radio
show wherever I may be, doesn't matter. Doesn't matter. Now,
one would think that this is kind of a big story,
right They talk about it on Fox Business Today. Multi
billion dollars Ponzi scheme. Guy gets sentenced, goes to jail
(06:05):
for two weeks and walks they talk about it on
c NBC today. No, because they don't give a rats
ass about you and the individual investors out there. And
that's one of the things that, you know, God willing,
(06:25):
you'll start to understand again. I can shake my head.
I didn't yell one time during this thing. It makes
no sense, you know. I can yell and scream all
I want. Okay, Look, when you're doing things, don't look
for shortcuts. Don't look for shortcuts. There's no guarantees anything
(06:49):
like that. Everything in life that has meaning, value and
worth involves work, time and effort. I try to get
that across again and again and again. If you've been
victimized by some con artists again, the odds, the odds
of getting anything, let alone being made whole again are
slim and none. Watchdog on Wall Street dot Com
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.