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Ponzi Scheme

Ruth Madoff Won't Be Prosecuted For Ponzi Scheme: NY Post

NY Post | MURRAY WEISS, BRUCE GOLDING and DAN MANGAN | Posted 05.25.2011 | Business

Ruth Madoff is in the clear -- for now. Ruth will not be prosecuted for the massive Ponzi scheme that won her husband Bernard Madoff a 150-year priso...

Madoff the God of Plunder

Daniel Bruno Sanz | Posted 05.25.2011 | Business
Daniel Bruno Sanz

Viewing Wagner's opera as a non-musician and member of the audience, it speaks to me about the leitmotif of avarice and Bernard Madoff.

Charities Face Greater Threat From Ponzi Schemes Than Lost Investments

David Donell | Posted 05.25.2011 | Business
David Donell

With courts unwilling to interpret the law as affording some defense for charities, there have been efforts to persuade legislators to amend existing laws to provide such a defense. But little has come of these efforts.

Legacy of Shame

Prof. Joe Peyronnin | Posted 05.25.2011 | Politics
Prof. Joe Peyronnin

Judge Denny Chin imposed the maximum sentence of 150 years on Bernard L. Madoff, the mastermind of the greatest financial fraud in history, but it is not enough.

The Lesson to be Learned from Bernie Madoff

Andy Ostroy | Posted 05.25.2011 | Business
Andy Ostroy

The streets are littered with evil predators searching for their next victims. It's best we know that and not fall into a false sense of security because, "Phew! Bernie's in jail!"

Madoff Sentence: Is It a Jewish Thing?

Michael Wolff | Posted 05.25.2011 | Business
Michael Wolff

How many more years in prison did Bernie Madoff get for being Jewish? We might as well get the question out there. It's surfaced since the Madoff arr...

The Breakfast Club Takes on Jackson, Fawcett, Sanford, Mrs. Madoff

David Finkle | Posted 11.17.2011 | Healthy Living
David Finkle

On the day after Michael Jackson and Farrah Fawcett went to their fabulous maker(s), The Breakfast Club kicked off its daily meeting with discussions of both departed celebs.

Did Bernie Madoff Get Justice? (POLL)

Huffington Post | Posted 05.25.2011 | New York

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Madoff Scandal Proves That Foundations Need Stronger Leadership

Aaron Dorfman | Posted 05.25.2011 | Business
Aaron Dorfman

The foundations that had the poor judgment to invest with Mr. Madoff share one thing in common: they all were governed by small, homogeneous boards of trustees.

Madoff: More Money Laundering than Ponzi

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Madoff is more than just a sociopath. Too much of this story doesn't hang together and he was too functional in other aspects of his existence.

New Documents on Accused Ponzi Schemer Allen Stanford: Did Bush's Justice Dept. Take "Appropriate Investigative Steps"?

Aram Roston | Posted 05.25.2011 | Business
Aram Roston

An Antiguan American lawyer has given me documents that laid out allegations to the Justice Department five years ago that Stanford was corrupting Antigua officials, and potentially violating the Foreign Corrupt Practices Act.

Bernie Madoff: The Man We Love To Hate Had Help

Ron Kuby | Posted 05.25.2011 | New York
Ron Kuby

Bernie Madoff could not have done most of this without the cooperation of his victims. Like all successful con men, he did not try to sell his victims on his schemes.

A Fool and His Money Are Soon Parted (Because) There's a Sucker Born Every Minute

Judith M. Bardwick | Posted 05.25.2011 | Business
Judith M. Bardwick

Who is a sucker? A sucker is someone who wants something so badly that they lose all critical judgment.

Madoff Scald: SEC Inspector-General Meets With Fraudster

Jun. 18, 2009 | Posted 05.25.2011 | Business

NEW YORK (CNN) -- Admitted fraudster Bernard Madoff, the mastermind of history's biggest Ponzi scheme, had a three-hour meeting with the Securities an...

David Hernandez: Feds Issue Arrest Warrant For Missing Chicago Sports Webio Backer

Huffington Post | Posted 05.25.2011 | Chicago

Federal prosecutors issued an arrest warrant Wednesday for David Hernandez, the missing financial backer of the online sports radio site Chicago Sport...

CHICAGO SPORTS WEBIO Founder Sued By SEC

Chicago Tribune | Ameet Sachdev and Becky Yerak | | Posted 05.25.2011 | Home

CHICAGO SPORTS WEBIO : Mike North's business partner in a new Internet sports-talk station in Chicago is a convicted felon who has filed for bankrupt...

Small Good News: Maria Shriver Says, Show Me The Money

Karen Stabiner | Posted 11.17.2011 | Healthy Living
Karen Stabiner

If we have learned anything this year, it is the first rule of Ponziconomics: If an investment sounds too good to be true, it undoubtedly is. ...

Bernie Madoff's Sons Scorn Parents, Report Says

Vanity Fair | Larry McShane | Posted 05.25.2011 | Home

Bernie Madoff's sons have not spoken a single word to their father since he detailed the largest financial fraud in U.S. history, Vanity Fair reports....

How I Saved Bernie Madoff's Life

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

Published today, just in time for Bernie's sentencing, my book is a self-help guide entitled: Who Moved My Soap? The CEO's Guide to Surviving in Prison: The Bernie Madoff Edition.

The Ponzi-Pulitzer Scheme

Russ Baker | Posted 05.25.2011 | Media
Russ Baker

It is a common practice among news organizations to make it look like scoops were the result of initiative on their own part when in fact the original tip may have come from an outsider.

Mired In Mea Culpas

Kathy McManus | Posted 11.17.2011 | Healthy Living
Kathy McManus

If love means never having to say you're sorry, does apologizing now mean you never have to accept responsibility?

Little Dorrit Gives Wall Street a Haircut

Les Leopold | Posted 05.25.2011 | Entertainment
Les Leopold

As we know, certain hedge funds and investment groups are whining about getting only 30 cents on each dollar of the Chrysler debt they hold. In financial-speak, they are getting "haircuts."

Socialism for Wall Street, Capitalism for Main Street

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

Reagan is often looked upon as the Republicans' FDR. But Reagan sold the nation a bag of goods. We can finally see clearly the failed results of this three-decade experiment in laissez-faire capitalism.

Bernie Madoff, Scapegoat

Michael Moore | Posted 05.25.2011 | Business
Michael Moore

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

Financial Fraud: Neighborhood Watch

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Most of the Ponzi schemes originate in the United States. It's embarrassing.