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Ponzi Scheme

Denver Man Implicated In Multi-Million Dollar Ponzi Scheme

AP | IVAN MORENO | Posted 05.25.2011 | Denver

DENVER — A Denver man allegedly defrauded people in a national Ponzi scheme involving more than $12 million that was supposed to go real estate ...

Madoff's Auditor Pleads Guilty On Fraud Charges

AP | LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, saying he failed to do his job to verify the disgra...

Ten Tips to Running a Good Book Reading

Danny Groner | Posted 05.25.2011 | Books
Danny Groner

Although there were only 30 people in attendance for his reading, Penenberg led it skillfully. Amateur writers should take note of some of Penenberg's successes.

Madoff Leaves Prison Hospital, Back In Cell

AP | Posted 05.25.2011 | New York

BUTNER, N.C. — Bernard Madoff has left his North Carolina prison's hospital unit and returned to his cell. The 71-year-old disgraced financier ...

Bernie Madoff Makes Friends Behind Bars

Wall Street Journal | By DIONNE SEARCEY | Posted 05.25.2011 | Business

A description of Mr. Madoff's prison life has emerged from interviews with current and former inmates at Butner and various lawyers, including some wh...

SEC Accuses Denver Area Firm Of Orchestrating Ponzi Scheme

AP | Posted 05.25.2011 | Denver

DENVER — Federal regulators have accused four people and two companies of fraud in an alleged $30 million Ponzi scheme that lured 300 investors ...

Absolute Corruption Is the Rule in America

David A. Love | Posted 05.25.2011 | Politics
David A. Love

Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.

The Lawyers Who Would Torture

David A. Love | Posted 05.25.2011 | Books
David A. Love

Throughout history we have witnessed the ways in which societies compromise their legal systems to oppress the many, benefit the few, and sanction the unconscionable.

Nicholas Cosmo: Ponzi Schemer's Bail Is Reconsidered by Judge After He Violated Conditions Of Release

AP | Posted 05.25.2011 | New York

CENTRAL ISLIP, N.Y. — A federal judge says a New York businessman accused of orchestrating a $413 million Ponzi scheme has violated conditions o...

Allen Stanford's Daughter Fights To Keep $1.3 Million Condo

AP | By JEFF CARLTON | Posted 05.25.2011 | Business

DALLAS -- The daughter of jailed Texas businessman R. Allen Stanford must appear in federal court to show why she should not be held in contempt for f...

Stanley Chais, Investor Tied To Madoff, The Subject Of New Criminal Probe

AP | LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — A criminal probe of a prominent California investment manager parallels a civil investigation that concluded he fed nearly $1 billion...

Scott Rothstein: Florida Lawyer Charged With $1B Investment Fraud

AP | CURT ANDERSON | Posted 05.25.2011 | Business

FORT LAUDERDALE, Fla. — A once high-flying attorney who courted politicians and celebrities was arrested Tuesday on federal racketeering and fra...

Jeffrey Picower

AP | DAVID B. CARUSO | Posted 05.25.2011 | Business

NEW YORK — A man who made billions of dollars off Bernard Madoff's Ponzi scheme signed a will leaving the bulk of his fortune to charity, but th...

Federal Reserve Tours Foreclosed Homes: "Very Sobering"

The Huffington Post | Julian Hattem | Posted 05.25.2011 | Business

As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Representatives of the F...

SEC Charges 3 Men In $14 Million Ponzi Scheme That Targeted Haitians In Florida, New Jersey

AP | JENNIFER KAY | Posted 05.25.2011 | Business

MIAMI — Three men are accused of running a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South ...

AP: Ponzi Busts Nearly Quadrupled In 2009

Posted 05.25.2011 | Business

(AP -- CURT ANDERSON) - It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as ...

Bernie Madoff Scandal: One Year Anniversary

AP | TOM HAYS and LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — The FBI agents who arrived at Bernard Madoff's luxury penthouse apartment on the morning of Dec. 11, 2008, found a broken man in a ba...

Bernie Madoff Auction: Mets Jacket, Jewelry Sold To Benefit Victims

AP | VERENA DOBNIK | Posted 05.25.2011 | New York

NEW YORK (Associated Press) -- It was about fascination with big money – and the life of a couple at the center of the biggest financial fraud c...

And They Call It Ponzi Love

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

If buyers can't buy, the real estate market stays in a sinkhole. Can't the assholes in Washington understand that they really, really need us to save the market?

Jeffry Picower Dead: Madoff Friend Found At Bottom Of Pool

AP | BRIAN SKOLOFF | Posted 05.25.2011 | Business

PALM BEACH, Fla. — Jeffry Picower, a philanthropist accused of profiting more than $7 billion from the investment schemes of his longtime friend...

Washington's Bipartisan Betrayal: The 2015 Global Financial Crisis

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The economy did not just have a heart attack; we are suffering from financial appendicitis. Instead of doing the necessary surgery, Congress is prescribing potent addictive painkillers.

Baby Ponzi Scheme: Brian Cohen Arrested For Adoption Scam

AP | FRANK ELTMAN | Posted 05.25.2011 | New York

MINEOLA, N.Y. — An attorney who claimed his own experience as an adopted child motivated him to help people seeking to start families is suspect...

Madoff Victims' Personal Data On Stolen Laptop

newsday.com | September 22, 2009 | Posted 02.13.2014 | Business

More than 2,200 Bernard Madoff investors are learning that some of their personal and financial information has potentially been breached after the Ju...

Has Florida's Gulf Coast Become The Capitol Of Ponzi Schemes?

Herald Tribune | Michael Pollick | Posted 05.25.2011 | Business

The list of failed Southwest Florida investments keeps getting longer. Arthur G. Nadel faces 15 federal counts in an alleged scheme that cost investo...

2 Men Charged In NY With $80 Million Ponzi Scheme

AP | Posted 05.25.2011 | New York

NEW YORK — Two men lured victims into an $80 million Ponzi scheme by convincing them they were investing in thousands of automated teller machin...