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Ponzi Scheme

How to Avoid a Ponzi Scheme

Michael Martin | Posted 06.17.2012 | Business
Michael Martin

Investors who are victims of crime or financial fraud might have an easier time dong background search in trying to avoid Ponzi schemes before making investments than guessing which bank, Future Commission Merchant, or broker goes bankrupt.

ReThink Review: Unraveled -- the Bernie Madoff Documentary We Never Got

Jonathan Kim | Posted 06.17.2012 | Entertainment
Jonathan Kim

Marc Dreier may be the biggest Wall Street criminal you've never heard of, but he'd respectfully disagree.

'Social Capitalist' Charged For Allegedly Bilking Churchgoers In Ponzi Scheme

Reuters | Posted 06.12.2012 | Business

* Ephren Taylor, City Capital charged with fraud * SEC alleges $11 million Ponzi scheme * SEC alleges fraudulent notes, ...

The Anarchist's Currency

Reuters | Posted 06.02.2012 | Money

By Naomi O'Leary LONDON, April 2 (Reuters) - Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Pon...

"Obama? I Wouldn't Vote for That Socialite"

Bernard Starr | Posted 05.26.2012 | Politics
Bernard Starr

If you don't know the difference between a socialite and socialist, you are a prime candidate for the U.S. Republican debate team.

Vampire Squids, Transparent Tanks

Mitch Feierstein | Posted 05.15.2012 | Business
Mitch Feierstein

That Goldman is a vampire squid has long been recognized. The conflicted and non-transparent nature of the aquarium is, as yet, far too little understood.

Hall-Of-Famer May Take The Mound In Madoff Case

Reuters | Posted 05.13.2012 | Business

* Trial over New York Mets owners' ties to Madoff * Trustee and defense list potential witnesses * Madoff investor Koufa...

R. Allen Stanford: What's Next?

Michael Santos | Posted 05.12.2012 | Crime
Michael Santos

I was in my early 20's when a jury convicted me, and I faced a possible sentence of life. If Stanford struggles with his conscience, as I did, he will feel alienated from society in ways that aggravate the pain.

Politicians Won't Return Ponzi Payoffs

Michael Winship | Posted 05.09.2012 | Politics
Michael Winship

Texas financier Robert Allen Stanford was convicted on 13 out of 14 criminal counts of fraud. But what most stories failed to mention was the large amount of his clients' cash that was spent on campaign contributions, greasing the corrupt nexus of money and politics for personal gain.

Ponzi Scheme Allegations Roil Amish Town

nytimes.com | Posted 02.26.2012 | Crime

In the Amish and Mennonite communities of rural Sugarcreek, Ohio, Monroe Beachy was a respected financial figure for decades. He is now accused of run...

Where Greece Leads, America Follows

Mitch Feierstein | Posted 04.24.2012 | Business
Mitch Feierstein

Greece has walked a lot further down the path of perdition, but we're walking the same path and it's already too late to return.

Please, Sir, Where's My Money?

Mitch Feierstein | Posted 04.16.2012 | Business
Mitch Feierstein

Oliver Twist famously got in trouble because he had the temerity to ask for more. He made that request in a world where street kids were meant to acce...

Obama To Alleged Ponzi Schemer: You're Not Getting This Money Back

Reuters | Posted 04.15.2012 | Business

(Adds dropped letter in paragraph 10) * Stanford receiver seeks return of campaign donations * Obama campaign donated St...

How Ex-SEC Officials Aided A Ponzi-Schemer

Reuters | Posted 03.28.2012 | Business

(Refiles to fix typo in story list) * Former SEC attorneys worked for Ponzi-scheme suspect By Murray Waas ...

Thousands Of Ex-Madoff Clients Ineligible To Net Recovery Funds

The Huffington Post | Harry Bradford | Posted 01.06.2012 | Business

All these years later, the bad Bernie Madoff news keeps coming. Clients linked to the infamous fraudster's now defunct Bernard L. Madoff Investmen...

SEC Ramping Up Efforts To Stop Hedge Fund Fraud

The Huffington Post | Alexander Eichler | Posted 12.28.2011 | Business

Memo to hedge fund managers: It's a bad time to try to overachieve. The Securities and Exchange Commission is cracking down on hedge fund fraud, and t...

Among GOP Candidates, Not a Single Friend of Social Security

Daniel Marans | Posted 02.18.2012 | Politics
Daniel Marans

The Strengthen Social Security Campaign has created a guide evaluating the "friendliness" of six Republican candidates, "Among Republican Candidates, Not a Single Friend of Social Security."

Why the EU Won't Fix Anything This Weekend

Warren Mosler | Posted 02.08.2012 | Business
Warren Mosler

While the Germans aren't entirely wrong in their belief that lower deficits would restore funding capacity, I don't think they recognize that as currency users debt to GDP ratios may need to be under 30 percent to get to that point.

Is This The Black Bernie Madoff?

Posted 12.02.2011 | Black Voices

The case against Ephren Taylor is mounting, and it's starting to sound increasingly similar to that of notorious Ponzi schemer Bernie Madoff, as hundr...

The Fraud of Authentic Leadership

Elise Lelon | Posted 01.09.2012 | Business
Elise Lelon

Leaders who describe themselves as "authentic" are like sentences that start with, "To be honest." Whenever big cheeses proclaim "authentic leadership" as their effective guiding principle, chances are they're not so authentic, and they may not be effective or principled either.

Madoff's Son: I'll Never Speak To My Father Again

The Huffington Post | Harry Bradford | Posted 12.31.2011 | Business

Andrew Madoff, son of infamous Ponzi Schemer Bernie Madoff, says he'll never forgive his father. Speaking to 60 Minutes on Sunday, Andrew Madoff, w...

Madoff: I 'Can Live' With Victims' Anger

Posted 12.27.2011 | Business

Bernard Madoff -- the man convicted of swindling billions from clients worldwide -- said he's more concerned with how his crimes affected his family t...

'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...

Commodities Trader, Hip-Hop Promotor Arrested On $4 Million Ponzi Scheme

Posted 12.07.2011 | Business

Commodities trader and hip-hop promoter Tyrone Gilliams was arrested Wednesday on charges of running a $4 million investment scam, according to a crim...

Why Social Security Is Not A Ponzi Scheme

RetirementRevised | Mark Miller | Posted 11.29.2011 | Fifty

Words matter. And as the presidential campaign kicks in to high gear, some terms are being tossed around in ways that could be dangerous for current a...