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Ponzi Scheme

GOP Senator Calls Social Security A 'Legal Ponzi Scheme' To Group Of Conservative Activists

The Huffington Post | Daniel Marans | Posted 06.23.2016 | Politics

Sen. Ron Johnson (R-Wis.) described Social Security as a “legal Ponzi scheme” and voiced support for privatizing the program while meeting with co...

Investments Are Life Changing (Except When They're Not)

Steven Shehori | Posted 04.25.2016 | Business
Steven Shehori

For my entire adult life, I've been encouraged to invest in my future. You know, in a financial sense. And so I took a bunch of jobs in the arts. This...

Time Bomb Still Ticking in Chinese Financial Markets

Hersh Shefrin | Posted 02.24.2016 | World
Hersh Shefrin

China's mishandling of its financial markets continues to reverberate through its own economy and global financial markets.

Social Security, Ponzi Schemes and Why the Government Isn't 'Stealing' Your Money

The Conversation US | Posted 11.11.2015 | Politics
The Conversation US

Two points were made in the October debate that deserve scrutiny. One was voiced by several candidates, from Senator Rand Paul to Governor Chris Christie: Namely, that the government has been "stealing" from Social Security. The other is that Social Security is a giant Ponzi scheme Let's discuss why this is a terrible misrepresentation of this program and how Social Security actually works.

Tips for the Accredited Investor to Avoid Being Scammed

Arkady Bukh | Posted 08.28.2015 | Crime
Arkady Bukh

If you are presented with an opportunity to invest in an unregistered offering, in addition to thoroughly investigating an investment--and the expert selling it--you should be on the lookout for some potential scams.

Higher Education Is a Giant Ponzi Scheme

Thaddeus McCarthy | Posted 05.25.2016 | College
Thaddeus McCarthy

I am writing this piece to fully investigate for myself, whether Higher Education is a Ponzi scheme. For the past year now, after leaving the system, I have had a growing suspicion that it is.

Is Theology of Atonement a Ponzi Scheme That Enslaves Us to God?

Christian Piatt | Posted 06.28.2015 | Religion
Christian Piatt

There were several reasons I parted ways with my early conservative evangelical roots (among them was that I was thrown out), and trying in vain to accept the idea that Jesus died for my sins was a big one.

Social Media And Narcissistic Personality Disorder

Ira Israel | Posted 08.21.2016 | Technology
Ira Israel

Anyone who measures his or her self-worth by the facade he or she fabricates on the Internet -- or by his or her material possessions and status symbols -- or by the Facebook and Instagram LIKEs he or she receives for posting selfies -- is a disaster looking for a place to happen.

This Minister's Son Preached The Prosperity Gospel While Reportedly Running a Megachurch Ponzi Scheme

Vice | Grace Wyler | Posted 09.17.2014 | Religion

From the fake revelations of revivalist preacher Peter Popoff, to the 80s excess and false lashes of Jim and Tammy Faye Bakker, to Greater Ministries ...

The Long Con: How Conservative Ideology Became a Con

Lisa Longo | Posted 08.16.2014 | Politics
Lisa Longo

Does anyone actually still believe the words "trickle-down theory" have any valid meaning? Is anyone buying into this fiction that increasing the minimum wage would ruin our economy but multi-million dollar executive salaries don't increase prices at all?

Zach Carter

What Do Chase Bank, Condoms, The Tea Party, And Petty Fraud Have In Common?

HuffingtonPost.com | Zach Carter | Posted 03.31.2014 | Politics

In mid-March, a division of JPMorgan Chase rejected an application to process payments for the fledgling New York City condom company Lovability, citi...

The Real Wolf of Wall Street

Bob Swarup | Posted 09.18.2014 | Business
Bob Swarup

I have seen the movie The Wolf of Wall Street and enjoyed it quite a lot, though that loud brash generation is more muted these days. But it made me wonder, have we seen the last of the scam artist investor?

The Bitcoin Is Victim of a Ponzi Scheme While Regulators Sleep

Georges Ugeux | Posted 03.29.2014 | Business
Georges Ugeux

When the Federal Reserve Board pronounces that virtual "currencies like Bitcoin have legitimate uses and should not be banned," it commits two sins.

Goldman Sachs 'Doing God's Work'

Jim Treacy | Posted 09.18.2014 | Business
Jim Treacy

I assume Segarra's suit isn't the publicity Blankfein was hoping for, and I wonder what's going on at the NY Fed. When I was at Monster Worldwide, I experienced first-hand Goldman Sachs "doing God's work."

The Julian Petroleum Scandal and the Murder of Hollywood Icon Motley Flint

Casey Scharf | Posted 09.16.2013 | Crime
Casey Scharf

This July, some eight and a half decades after my great-grandfather's psychotic breakdown and subsequent murder of Motley Flint, my family remembers how little things have changed.

The Wonderful Emergence of Tom Durnin

Danny Groner | Posted 08.27.2013 | New York
Danny Groner

The Unavoidable Disappearance of Tom Durnin raises fabulous questions about the strength of family ties amid a father's struggle to resurrect his life after a moral and financial failing.

LOOK: Museum of Crime & Punishment's Bernie Madoff Exhibit

The Huffington Post | Will Wrigley | Posted 05.17.2013 | DC

Oh, Bernie. How we've missed you. Your Ponzi scheme. The money laundering. The perjury. It's a long time until 2139 when we'll be able to see you o...

How Tax Havens Supported A Massive Ponzi Scheme

ICIJ | Marina Walker Guevara and Emilia Díaz-Struck | Posted 04.05.2013 | Business

Bribes for Venezuelan officials were funneled through tax havens, court filings claim. Francisco Illarramendi often called on Moris Beracha when he...

NewBook Reveals Juicy Details Of Ponzi Schemer's Life

Sun Sentinel | Ben Crandell | Posted 05.12.2013 | Miami

Every region of the country has its Ponzi villain, but it's hard to imagine another who could match Fort Lauderdale's pugnacious despot Scott Rothstei...

Currency Wars Have Begun: Central Banks in Denial or Worse

Mitch Feierstein | Posted 05.06.2013 | World
Mitch Feierstein

Take, for example, the Fed's willingness to purchase toxic real estate assets -- using your money to acquire securities which are now shunned by the market. Or take the Bank of England's efforts to shove easy money at banks making corporate loans. What happened to good old-fashioned faith in markets?

Former NFL Player's Alleged Art Scam Could Result In 110 Years In Jail

The Huffington Post | Katherine Brooks | Posted 09.19.2014 | Arts

According to Investment News, a painting by French Post-Impressionist artist Paul Gauguin is at the center of an investment scandal, enacted by former...

Madoff: 'The Banks Had To Know What I Was Doing'

Posted 09.19.2014 | Business

Big banks had to know Bernie Madoff was running a Ponzi scheme, according to Bernie Madoff. In an email penned from jail, one of the biggest Ponzi...

Atlanta Megachurch Pastor Sued Over Alleged Ponzi Scheme

Religion News Service | Adelle M. Banks | Posted 02.19.2013 | Religion

(RNS) Atlanta megachurch pastor Bishop Eddie Long is facing a suit from former parishioners who say he encouraged them to invest in a company that was...

Former Execs Sentenced To 20 Years In Prison In Major Ponzi Scheme

Reuters | Posted 02.14.2013 | Business

(Reuters) - The final two defendants convicted for helping the former Texas billionaire financier Allen Stanford swindle investors were each sentenced...

Bernie Madoff Almost Caused The Mets To Build A Casino

The Huffington Post | Harry Bradford | Posted 02.05.2013 | Business

The owners of the New York Mets reportedly want to build a Las Vegas-style hotel and casino to help pay off a huge bill they owe the victims of Bernie...