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Ponzi Schemes

Zach Carter

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

Bank Pays Millions In Charges Tied To Ponzi Scheme

AP | By MARCY GORDON | Posted 11.23.2013 | Business

WASHINGTON (AP) — TD Bank is paying $52.5 million to settle U.S. allegations it failed to report suspicious activity in accounts linked to a $1.2 bi...

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...

Good News For Dan Marino

Sun Sentinel | Jon Burstein | Posted 01.23.2014 | Miami

A federal judge has thrown out lawsuits filed against two well-known South Florida charities by attorneys tasked with recouping money for Ponzi scheme...

Ex-Church Official Facing Prison Time For Embezzlement

AP | MARYCLAIRE DALE | Posted 10.24.2012 | Business

PHILADELPHIA -- A finance executive who linked her $900,000 embezzlement from the Philadelphia archdiocese to the church's sex-abuse scandal was sente...

Garwood Breaks Her Pattern With Sweet Talk

Jackie K. Cooper | Posted 10.08.2012 | Books
Jackie K. Cooper

Those who love the Garwood way with characters will find a lot to enjoy in Sweet Talk. However, you just don't get all of the Garwood elements.

British Official: Banks Ran 'Ponzi Schemes' In Lead Up To 2008 Crisis

Posted 07.12.2012 | Business

Ponzi schemes are partly to blame for England's 2008 financial crisis, according to one British official. “The banks and those regulating them b...

It's the Trust Level, Stupid

Greg Link | Posted 08.15.2012 | Business
Greg Link

Trust is a skill -- a career critical skill in today's volatile new economic reality. Trust has become the new currency of the global economy.

Fugitive Couple Featured On 'America's Most Wanted' Captured

AP | TERRY TANG and DON BABWIN | Posted 07.07.2012 | Crime

TONOPAH, Ariz. — Nelson and Janet Hallahan were known around working-class Peoria, Ill., for their wealth, and flashed it. That, residents said,...

'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, ...

'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 thousand...

Elise Foley

Bob Turner, Rush Limbaugh's TV Friend | Elise Foley | Posted 11.01.2011 | Politics

WASHINGTON -- Bob Turner, the Republican television executive hoping to win a special election for the New York congressional seat vacated by Anthony ...

The Logic of Ponzi Finance

Micah Hauptman | Posted 10.19.2011 | Business
Micah Hauptman

When you think of Ponzi schemes, fraudsters like Bernie Madoff come to mind. However, Ponzi schemes are not always the result of a few crooks; they can also be a common practice used by society to create a short term economic growth spurt.

Ponzi Proprieties

Christopher Brauchli | Posted 08.03.2011 | Business
Christopher Brauchli

"It is with a pious fraud as with a bad action; it begets a calamitous necessity of going on." -- Thomas Paine, The Age of Reason. One of the questi...

Minnesota Trader Must Pay Over $80 Million In Ponzi Case

AP | Posted 05.25.2011 | Business

WASHINGTON — Federal regulators say a Minnesota man who pleaded guilty to bilking investors in a commodities Ponzi scheme has to pay $84.7 million i...

Man Admits Running $100 Million Ponzi Scheme

AP | Posted 05.25.2011 | Business

NEW HAVEN, Conn. — Authorities say a former Wethersfield, Conn., resident has pleaded guilty to federal charges he operated a $100 million Ponzi...

Can the SEC Change?

Heidi Pickman | Posted 05.25.2011 | Business
Heidi Pickman

The temptation of high returns mixed with more than a decade of deregulation means that the SEC, to its credit, certainly has its work cut out for it.

Alleged Global Ponzi Scheme Head Warned Clients To Avoid Obvious Ponzi Schemes

AP | JIM SUHR | Posted 05.25.2011 | Business

EAST ST. LOUIS, Ill. — A Canadian national who the U.S. government says swindled $70 million from 40,000 investors on six continents carried out...

Kenneth Starr Busted: Financial Advisor To The Stars Charged With Massive Ponzi Scheme

Posted 05.25.2011 | Los Angeles

NEW YORK (AP) -- A financial adviser to celebrities including Wesley Snipes and Sylvester Stallone was arrested Thursday on charges that he carried ou...

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 ...

Twitter Ponzi

Rich Nadworny | Posted 05.25.2011 | Media
Rich Nadworny

Among Tweeters, there seems to be some type of unspoken pact of "you follow me, I'll follow you."

One Big Question for the Madoff Gang

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

For 25 years, you've taken the life savings from the elderly, the charitable, your best friends and their families. Suddenly you don't have the moxie to make a clean getaway? Why didn't these guys run away?

Allen Stanford, US Drug Informant? Evidence Emerges

BBC News | John Sweeney | Posted 05.25.2011 | Business

Evidence has emerged that the Texan who bankrolled English cricket may have been a US government informer. Sir Allen Stanford, who is accused of bank...

Bank Of America Accused In Ponzi Lawsuit

New York Times | Leslie Wayne | Posted 05.25.2011 | Business

Bank of America effectively set up a branch in a Long Island office that helped Nicholas Cosmo carry out a $380 million Ponzi scheme, according to a c...

U.S. Regulator Probing "Rampant Ponzimonium"

Reuters | Jason Szep | Posted 05.25.2011 | Business

Hundreds of people in the United States are under investigation for financial scams, many involving Ponzi schemes, a U.S. regulator said on Friday, ca...