Ponzi Scheme

SEC Watchdog To Be Investigated Over Allegations Of Sexual Misconduct

Reuters | Posted 05.09.2012

Read More: Bloomberg, Watchdogs, Video, Council of Inspectors General on Integrity and Efficiency, Reuters, Retirement Plan, Ponzi Scheme, Bernard Madoff, Sec, Securities and Exchange Commission, SEC's Office of the Inspector General, Financial Regulation, John Nester, Business News

* SEC has received complaint about misconduct in OIG * SEC says it is also referring matter to CIGIE for review * Allega...

Read Whole Story

Feds: 'Most Wanted' Ponzi Schemers Stole From Working-Class Families

AP | By TERRY TANG and DON BABWIN | Posted 05.08.2012

Read More: Ponzi Scheme, Americas Most Wanted, Nelson and Janet Hallahan, Illinois Ponzi Scheme, Nelson Hallahan Ponzi Scheme, Janet Hallahan, Video, Chicago News

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

Read Whole Story

'Mini Madoff' Associates Charged In $400 Million Ponzi Scheme

Reuters | Jessica Dye | Posted 05.03.2012

Read More: Nicholas Cosmo, Long Island, Agape and Agape Merchant Advance Ponzi Scheme, Jason Keryc, Long Island Ponzi Scheme, Diane Kaylor, Anthony Massaro, Mini-Madoff-Ponzi-Scheme, Ponzi Scheme, Agape and Agape Merchant Advance Employees Charged, Agape and Agape Merchant Advance, Anthony Ciccone, Diane-Kaylor-Anthony-Massaro-Anthony-Ciccone-Jason-Keryc-Charged-in-Ponzi-Scheme, Crime News

(Reuters) -- Four former employees of a Long Island-based investment firm were charged Wednesday with running a Ponzi fraud that cost more than 4,000 ...

Read Whole Story

How to Avoid a Ponzi Scheme

Michael Martin | Posted 04.17.2012

Read More: Ponzi Scheme, Sec, Jon Corzine, Jon Corzine Mf Global, Securities and Exchange Commission, Securities Fraud, Cftc, Video, Business News

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.

Read Post

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

Jonathan Kim | Posted 04.17.2012

Read More: Financial Fraud, Fraud, Movie Review, Jonathan Kim, Wall Street, Marc Dreier, Ponzi Scheme, Rethink Reviews, Documentary, Unraveled, Bernie Madoff, Video, Entertainment News

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

Read Post

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

Reuters | Posted 04.13.2012

Read More: Churchgoers, Video, Reuters, Business News, Ponzi Scheme, Ephren-Taylor, Sec, Ephren Taylor Ii, Securities and Exchange Commission, Ponzi Schemes, Sec Ephren Taylor Ii, Business News

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

Read Whole Story

Feds: Rothstein Employee Illegally Donated To McCain

AP | Posted 04.10.2012

Read More: Fraud, U.S. Attorney's Office, Video, John McCain, Scott Rothstein, Ponzi Scheme, Miami Crime, Steven Lippman, Miami Attorney, Miami News

MIAMI -- An attorney who worked in the firm of convicted Ponzi schemer Scott Rothstein faces federal charges, with authorities claiming he made illega...

Read Whole Story

The Anarchist's Currency

Reuters | Posted 04.02.2012

Read More: Internet Money, Peer to Peer Trading, Bitcoin Digital Currency, Reuters, Digital Currency, Online-Money, Ponzi Scheme, Virtual Currency, Digital-Goods, Virtual Goods, Bitcoin, Anarchy, Money News

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

Read Whole Story

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

Bernard Starr | Posted 05.26.2012

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

Read Post

Vampire Squids, Transparent Tanks

Mitch Feierstein | Posted 05.15.2012

Read More: Goldman Sachs, Governance, Business News, Elections 2012, Federal Reserve, Ponzi Scheme, Eurozone Debt Crisis, Global Financial Crisis, New York, Greg Smith Goldman Sachs, Wall Street, 2012 Election, Greg Smith Resignation, Greg Smith, Business News

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.

Read Post

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

Reuters | Posted 05.13.2012

Read More: Fraud, New York Mets, U.S. District Judge Jed Rakoff, Video, Sandy Koufax, Manhattan District Attorney Robert Morgenthau, Reuters, Police Athletic League, Ponzi Scheme, Los Angeles Dodgers, Baseball Hall of Fame, Brooklyn Dodgers, Bernie Madoff, Bernard L. Madoff Investment Securities, Business News

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

Read Whole Story

R. Allen Stanford: What's Next?

Michael Santos | Posted 05.12.2012

Read More: Federal Prison, Ponzi Scheme, White Collar Crime, Prison, Crime News

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.

Read Post

Politicians Won't Return Ponzi Payoffs

Michael Winship | Posted 05.09.2012

Read More: R. Allen Stanford, Republican National Committee, John McCain, Democratic Congressional Campaign Committee, John Boehner, Allen Stanford, President Barack Obama, Democratic Senatorial Campaign Committee, President Obama, Ponzi Scheme, National Republican Senatorial Committee, Democratic National Committee, Democratic Party, Sir Allen Stanford, National Republican Congressional Committee, Barack Obama, Stanford International Bank, Antigua, Stanford Ponzi Scheme, Harry Reid, Republican Party, Robert Allen Stanford, Politics News

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.

Read Post

Victims: Ponzi Schemer's Conviction Is 'Bittersweet'

AP | JUAN A. LOZANO | Posted 05.07.2012

Read More: R. Allen Stanford, Video, Allen Stanford, Stanford Ponzi Scheme, Business News, Ponzi Scheme, Allen Stanford Conviction, Sir Allen Stanford, Allen Stanford Fraud, Business News

HOUSTON — A prosecutor asked jurors on Wednesday to allow federal authorities to seize $330 million from nearly 30 accounts controlled by convic...

Read Whole Story

Ponzi Scheme Allegations Roil Amish Town

nytimes.com | Posted 02.26.2012

Read More: Ponzi Scheme, Sugarcreek, Amish Ponzi Scheme, Amish, Monroe Beachy, Ponzi, Mennonite, Crime News

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...

Read Whole Story

Where Greece Leads, America Follows

Mitch Feierstein | Posted 04.24.2012

Read More: European Debt Crisis, Eurozone, Great Recession, Ponzi Scheme, US Financial Crisis, Eurozone Debt Crisis, Global Financial Crisis, Europe, European Central Bank, Recession, Business News

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.

Read Post

Please, Sir, Where's My Money?

Mitch Feierstein | Posted 04.16.2012

Read More: Business News, Federal Reserve, Ponzi Scheme, Debt, California, New York, Depression, Eurozone Debt Crisis, Global Financial Crisis, Governence, Recession, Business News

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...

Read Post

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

Reuters | Posted 04.15.2012

Read More: R. Allen Stanford, Campaign Donations, Video, Obama Campaign Finance, Reuters, Ponzi Schemer Standford, Stanford Ponzi Scheme, Ponzi Scheme, Election 2012, Obama Campaign, Business News

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

Read Whole Story

Executive Accused Of Fraud: Ponzi Scheme Was Costing Him His Health

AP | JUAN A. LOZANO | Posted 04.07.2012

Read More: Business News, R. Allen Stanford, Ponzi Scheme, James Davis Stanford, James-M-Davis-Stanford, Video, Financial Crimes, Sir Allen Stanford Fraud, Business News

HOUSTON — Attempts to cover up a massive Ponzi scheme alleged to have taken billions from depositors at Texas tycoon R. Allen Stanford's Caribbe...

Read Whole Story

How Ex-SEC Officials Aided A Ponzi-Schemer

Reuters | Posted 03.28.2012

Read More: R. Allen Stanford, U.S. Securities and Exchange Commission, Video, Reuters, Thomas Sjoblom, Proskauer Rose, Bernard Madoff, Sec, Ponzi-Scheme, The Justice Department, Business News

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

Read Whole Story

Thousands Of Ex-Madoff Clients Ineligible To Net Recovery Funds

The Huffington Post | Harry Bradford | Posted 01.06.2012

Read More: Feeder Funds, European Debt Crisis, Securities Investor Protection Corp., Video, Irving Picard, 60 Minutes, Denise Cote, MF Global, Ponzi Scheme, Bernie Madoff, Wall Street Journal, Cnnmoney, Businessweek, Business News

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

Read Whole Story

Rothstein Tries To Bring Everyone Down WIth Him

AP | CURT ANDERSON | Posted 03.05.2012

Read More: Ponzi Scheme, William Scherer, Lawrence Lavecchio, Melissa Britt Lewis, Scott Rothstein, Bernie Madoff, Miami News, Miami News

MIAMI — Over two grueling weeks, convicted Florida Ponzi schemer Scott Rothstein laid out in incriminating detail how far the tentacles stretche...

Read Whole Story

SEC Ramping Up Efforts To Stop Hedge Fund Fraud

The Huffington Post | Alexander Eichler | Posted 12.28.2011

Read More: Financial Fraud, Video, Insider Trading, Freddie Mac, Hedge Fund Fraud, Hedge Funds, Allen Stanford, Lehman Brothers, Fannie Mae, Financial Crisis, Ponzi Scheme, Sec, Securities and Exchange Commission, Bernie Madoff, Bernie Madoff Ponzi Scheme, Business News

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...

Read Whole Story

Among GOP Candidates, Not a Single Friend of Social Security

Daniel Marans | Posted 02.18.2012

Read More: Retirement Age, Fraud, Ponzi Scheme, Privatization, Mitt Romney, Social Security, Republican Presidential Candidates, Gop 2012, Newt Gingrich, Rick Perry, 2012 Election, Elections 2012, Politics News

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."

Read Post

Why the EU Won't Fix Anything This Weekend

Warren Mosler | Posted 02.08.2012

Read More: Modern Monetary Theory, Mmt, Ecb, Euro Bonds, Inflation, Deficit Reduction, Ponzi Scheme, Debt-to-Gdp, Euro, Austerity, Business News

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.

Read Post