accountThe SEC has charged two companies and four individuals with involvement in a nationwide $30 million Ponzi scheme that...
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PONZI SCHEME
Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. Ponzi promised a 40% return in just 90 days compared with 5% for bank savings accounts. Deluged with funds from investors, including a million during one three-hour period in 1921, he bought only $30 worth of the international mail coupons.
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Two computer programmers who worked in Bernard Madoff’s 17th-floor offices, where he masterminded a multibillion dollar...
Prosecutors probing Bernard Madoff's massive fraud are determined to leave his wife with almost nothing after telling a...
Bernard Madoff's watches, his personalized Mets jacket and Post-it notes will go on the auction block this weekend in a...
Got nothing to do this weekend? If you're looking for a bargain or maybe a piece of financial industry history, take a...
by Shahin Shojai, Global Head of Strategic Research, Capco -- The past couple of years have not been very kind to hedge...
That's right. Today in investment fraud, Sir Allen Stanford, who allegedly perpetrated a $7 billion Ponzi scheme, is to...
It appears that no one was more surprised by the Securities and Exchange Commission's inability to uncover his fraud...
Madoff and his accountant are the only two people charged in connection with Madoff's Ponzi scheme. But...
Little more than a year before he blithely confessed to masterminding the largest Ponzi scheme in history, Bernie...
Victims of Bernard Madoff’s “Ponzi” scheme, one of the biggest investment frauds in history, will be allowed to claim...
Madoff: The Dolor of Money
Bernard Madoff appears to have operated a Ponzi scheme, in which money from new investors was used to pay off those who...
Madoff is behind bars and isn't talking. But a Fortune investigation uncovers secrets of his massive swindle
Bernard Madoff, the orchestrator of a massive, long-running Ponzi scheme that snared thousands of victims, from the...
Let's start by getting this out in the open, right up front: Hedge funds are evil. -- September 2008 (Dr.
Since Bernie Madoff has put Ponzi schemes back onto the front pages, it's worth considering whether we are all...
Florida investor and philanthropist Jeffry Picower, alleged to have extracted billions dollars in his long time friend...
"I don't think we should worry about Bernie finding out to whom we speak ... we are not telling anybody that we...
A 57-year-old East Texas man is going to prison and must repay nearly $71 million in a commodities Ponzi scheme.
Within 90 days of Bernie Madoff's confession, friends and family withdrew $735 million, investigators have now...
SACRAMENTO, CA - A Folsom man accused of ripping off more than $13 million from investors has entered guilty pleas to...
Andrew N. Lerman, a certified public accountant in White Plains, N.Y., argues that the biggest beneficiary of the...
Since Raj Rajaratnam's arrest on Friday, redemption requests at Galleon Management have exceeded $1 billion, amounting...
Top Sources: Ponzi Scheme
- The New Yorker
- thedailybeast.com
- money.cnn.com
- ft.com
- curiouscapitalist.blogs.time.com
- nymag.com
- msnbc.msn.com
- New York Times
- dealbook.blogs.nytimes.com
- The Full Feed from HuffingtonPost.com
