Cross Posted at Legal Schnauzer
I read an article yesterday that was written by a financial reporter and intended for investors. When I finished reading, my immediate thought was, "Do these people think only about ways to make money--and nothing else?"
The answer seems to be yes, that's exactly how they think. That's certainly the impression a reasonable person could take from the article, a report at The Wall Street Transcript (TWST) about Campus Crest Communities and its CEO, Ted W. Rollins (with Michele Rollins, in photo above).
Rollins is a hot topic on Wall Street because his company completed a $380-million IPO last year. Those kinds of numbers will get investors' attention. Tampa-based Raymond James Financial put together the deal.
We have written a number of posts about Campus Crest and its leader--and we have presented substantial evidence to indicate that Rollins operates on a shaky set of ethics. Was there a hint of that in the TWST article? Not a peep.
Do the investors who read TWST care about such things? Apparently not. Maybe that's why investors seem to get taken in so many scams these days.