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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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did their homework would have seen the warning signs. (Fortune) -- As the number of victims of Bernard Madoff, the...
The fallout from Bernard Madoff's Ponzi scheme has taken giant chunks of cash and assets out of some prominent...
Entranced by the Madoff scandal? Don't sit too comfortably. Our new video explains why we're all marks in a giant Ponzi...
Bernard L. Madoff allegedly confided in colleagues that his investment fund was a giant Ponzi scheme that had bilked...
NEW YORK (Reuters) - Bernard Madoff, a Wall Street trader who founded Bernard L. Madoff Investment Securities LLC, was...
NEW YORK (Reuters) - Investors scrambled to assess potential losses from an alleged $50 billion fraud by Bernard...
Bernard Madoff was arrested by the FBI on Thursday and charged with criminal securities fraud, the Wall Street Journal...
NEW YORK (Reuters) - Bernard Madoff, a longtime fixture on Wall Street, was arrested and charged on Thursday with...
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Top Sources: Ponzi Scheme
- thedailybeast.com
- money.cnn.com
- curiouscapitalist.blogs.time.com
- ft.com
- nymag.com
- msnbc.msn.com
- BusinessWeek
- New York Times
- bloomberg.com
- online.wsj.com
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