account(Editor's Note: Brian Mahany's post is a must read. You won't believe how Ponzi victims are magnets for more financial...
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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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What if I told you that there is a program to give poor people food, called food stamps. You���re not poor.
The U.S. Securities and Exchange Commission has charged a Troy, N.Y. broker with running a Ponzi scheme.
The estate of the late Jeffry Picower, a former investor in Bernard Madoff���s Ponzi scheme, is poised to hand over...
...submitted by ballstein
My article "Wachovia Bank & Its Bank Secrecy Act Issues" said that Ponzi scheme victims do not possess a...
Authorities Will Charge at Least 2 Employees from Disgraced Financier's Former Firm and His Brother and Sons Could Be...
Ponzi-schemer Bernie Madoff's sons Mark and Andrew, and his brother Peter, will face charges according to the AP and...
...is liable to investors for failing to detect Bernard Madoff's $50 billion Ponzi scheme, ruling that the...
Nevin Shapiro, a University of Miami Football Booster, Faces Charges In a $900 Million ScamNevin Shapiro, has been...
It's not exactly Bernie Madoff's $65 billion, but the Securities And ... Prominent Miami Beach Businessman in $900...
Fresh Ponzi news on Wednesday:
A financial adviser accused of defrauding more than 100 investors of about $30 million posted $150,000 bail in Toronto...
...of several defendants charged by the SEC today with running a Ponzi scheme, the proceeds of...
...to McGinn and Smith that there are “many people who refer to our deals as a Ponzi Scheme.
McGinn, MS Capital and MS & Co. also deceived investors into unwittingly investing in a sexually-oriented charter...
...to McGinn and Smith that there are “many people who refer to our deals as a Ponzi Scheme.
Bloomberg reports, SEC, FINRA Sued in Luxembourg Over Madoff Fund Losses,
Forum: Investment Scams Posted By: Tim H Post Time: 04-15-2010 at 04:55 PM...
A criminal defense lawyer for a businessman under investigation for an alleged multimillion dollar wire fraud and money...
Forum: Investment Scams Posted By: Tim H Post Time: 04-14-2010 at 04:40 PM...
WexTrust Capital CEO pleads guilty in $255M Ponzi scheme By BRUCE GOLDING • New York Post...
Top Sources: Ponzi Scheme
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