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Ponzi Scheme

Madoff Trustee: Lawsuits Delaying Money For Victims

Posted 05.25.2011 | Business

NEW YORK (By Jonathan Stempel) - The trustee seeking to recover money for investors victimized by Bernard Madoff's Ponzi scheme said he hopes to begi...

Hedge Fund Manager Pleads Guilty To Ponzi Scheme

Reuters | Jonathan Stempel | Posted 05.25.2011 | Business

(Reuters) - A Connecticut hedge fund manager pleaded guilty on Monday to running a multiyear Ponzi scheme that may have defrauded investors out of...

Investment Firm Ordered To Pay $250K For Aiding Madoff

Posted 05.25.2011 | Business

NEW YORK (By Helen Kearney) - A Financial Industry Regulatory Authority panel has ordered Morgan Keegan to pay more than $250,000 after the firm ...

America Is Not Broke

Michael Moore | Posted 05.25.2011 | Politics
Michael Moore

Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot.

Bernie Madoff Of Sudan

Slate | Dan Morrison | Posted 05.25.2011 | World

Adam Ismael, a former police officer who didn't finish secondary school, resides at a villa in Khartoum. At a time when hundreds of students, journal...

Bernie Madoff: 'I'm A Good Person'

The Huffington Post | Maxwell Strachan | Posted 05.25.2011 | Business

Bernie Madoff's personal PR campaign has begun. The convicted Ponzi schemer made a series of calls from prison to writer Steve Fishman in hopes of...

Citigroup Was Aware Of Madoff Fraud Warnings, Lawsuit Says

Posted 05.25.2011 | Business

NEW YORK (By Grant McCool) - Citigroup Inc tried to pass on its exposure to Bernard Madoff to other banks just months before his epic fraud was revea...

Madoff Interview: Banks 'Had To Know' Of Ponzi Scheme

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

More than two years have passed since Bernard Madoff was arrested for a massive Ponzi scheme which spanned 16 years and consumed roughly $20 billion i...

Bernie Madoff: Banks 'Had To Know' Of Fraud

Posted 05.25.2011 | Business

More than two years have passed since Bernard Madoff was arrested for a massive Ponzi scheme which spanned 16 years and consumed roughly $20 billion i...

Accused Ponzi Schemer Stanford Heads To Prison Hospital

Posted 05.25.2011 | Business

Allen Stanford, accused of a $7 billion Ponzi scheme, is on the way to a prison hospital to receive treatment for addiction to anti-anxiety medica...

Alleged Ponzi Schemer Too Drugged for Trial, Lawyer Says

bloomberg.com | Laurel Brubaker Calkkins | Posted 05.25.2011 | Business

Dec. 7 (Bloomberg) -- Jailed financier R. Allen Stanford is too heavily medicated to prepare for or testify at his January trial on charges he led a $...

'Operation Broken Trust' Targets Hundreds In Financial Fraud Sweep, Seeking Billions

AP | PETE YOST | Posted 05.25.2011 | Business

WASHINGTON — A nationwide law enforcement crackdown targeting financial fraud has led to cases against 343 criminal defendants involving $8.3 bi...

NY Mets Owners Hit With $300 Million Madoff Lawsuit

Posted 05.25.2011 | Business

NEW YORK/DETROIT (By Jonathan Stempel and Ben Klayman) - The owners of the New York Mets turned a blind eye to Bernard Madoff's Ponzi scheme and shou...

Madoff Victim Says MLB Ignored Warning Signs

The New York Times | Serge F. Kovaleski | Posted 05.25.2011 | Business

For the owners of the Mets, Fred Wilpon and Saul Katz, that question has in recent weeks become a very personal, even urgent, one. The trustee for the...

The "Goats" in Pro Sports Deserve Better

Dave Astor | Posted 05.25.2011 | Sports
Dave Astor

There are villains in sports, but they're not the people who unintentionally cost their team an important game.

Beware the "Main Street Bubble" of Multi-Level Marketing groups without U.S. Government Protection

Steven Hassan | Posted 05.25.2011 | Business
Steven Hassan

Quixtar, a former subsidiary of Amway, one of the largest multi-level marketing (MLM) companies in the world, has agreed to a $150 million class action settlement.

High School Pot Ponzi Scheme Being Investigated By Police

The Denver Post | Jeremy P. Meyer | Posted 05.25.2011 | Denver

Denver police are investigating an alleged Ponzi scheme involving students from Cherry Creek and Regis Jesuit high schools who were contributing and m...

Alleged Ponzi Schemer Stanford Ruled Unfit To Stand Trial

AP | JUAN A. LOZANO | Posted 05.25.2011 | Business

HOUSTON — A judge has ordered that former Texas billionaire and financier R. Allen Stanford, awaiting trial on charges he bilked investors out o...

Richard Dalton Ponzi Scheme Allegations: SEC Freezes Acount O

The Colorado Independent | John Tomasic | Posted 05.25.2011 | Denver

The Securities and Exchange Commission announced Tuesday that it obtained an emergency court order to freeze the assets of Golden, Colorado-resident R...

FBI Arrests Two Former Madoff Associates

AP | TOM HAYS | Posted 05.25.2011 | New York

NEW YORK — Two longtime back office employees of Bernard Madoff were arrested Thursday on charges that they helped the disgraced financier dupe ...

Muslims Targeted In $30M Ponzi Scheme

AP | MICHAEL TARM | Posted 05.25.2011 | Chicago

CHICAGO — A taxi driver turned prominent businessman in Chicago's South Asian community is among three people indicted for defrauding hundreds o...

Judge Approves Enormous Settlement For Madoff Victims

Posted 05.25.2011 | Business

NEW YORK (By Grant McCool) - A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet ...

After Madoff Scheme, Divorce Settlement Revisited

AP | JENNIFER PELTZ | Posted 05.25.2011 | Divorce

NEW YORK — A prominent lawyer can have another go at getting back money he paid in a divorce settlement before losing millions of dollars he'd i...

Sean Mueller Pleads Guilty In $71M Ponzi Scheme That Stung Elway

AP | P. SOLOMON BANDA | Posted 05.25.2011 | Denver

DENVER — A man accused of defrauding dozens of investors, including former Denver Broncos quarterback John Elway, in a $71 million Ponzi scheme ...

A Small Business Owner's Wish List To Santa

Michael Sinensky | Posted 05.25.2011 | Business
Michael Sinensky

Dear Santa, this is Michael Sinensky. I'm 31 years old. Presently I have a company that employs approximately 300 employees. I've put together my wish list, let me know what you can do.