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Nicholas Cosmo Ponzi Scheme

'Mini Madoff' Sentenced To 25 Years In Prison For Ponzi Scheme

Posted 12.14.2011 | Business

NEW YORK (Reuters) - A Long Island man was sentenced to 25 years in prison Friday after admitting to stealing more than $195 million from thousands of...

Arthur Delaney

Down, Not Out: Scammed By A Mini-Madoff

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Last year Terry DiFranzo started a part-time job at a Target near her Vero Beach, Fla. home, "just to have something to do." DiFranzo, 65, told the Hu...

More Ponzi Schemes Emerging Amid Troubled Times

nytimes.com | LESLIE WAYNE | Posted 05.25.2011 | Home

Their names lack the Dickensian flair of Bernie Madoff, and the money they apparently stole from investors was a small fraction of the $50 billion tha...