Ponzi Scheme

Jeffrey Picower, Madoff Associate, Leaves Fortune To Charity

AP | DAVID B. CARUSO | Posted 11.10.2009 | Business


NEW YORK — A man who made billions of dollars off Bernard Madoff's Ponzi scheme signed a will leaving the bulk of his fortune to charity, but th...

Absolute Corruption Is the Rule in America

David A. Love | Posted 11.09.2009 | Politics


David A. Love

Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.

"Ponzied" and Poorer in Stuff, But Richer in What Really Matters

Susan Skog | Posted 11.06.2009 | Impact


Susan Skog

Helping other people reach for a brighter day helped me not just survive, but soar, after staggering Ponzi losses.

And They Call It Ponzi Love

Lita Smith-Mines | Posted 11.05.2009 | Business


Lita Smith-Mines

If buyers can't buy, the real estate market stays in a sinkhole. Can't the assholes in Washington understand that they really, really need us to save the market?

Madoff Auditor: I Wasn't Aware Of Bernie's Fraud

AP | LARRY NEUMEISTER | Posted 11.04.2009 | Business


NEW YORK — Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, saying he failed to do his job to verify the disgra...

Federal Reserve Tours Foreclosed Homes: "Very Sobering"

The Huffington Post | Julian Hattem | Posted 11.02.2009 | Business


As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Representatives of the F...

Thomas Petters: Accused Ponzi Schemer Caught On Tape: "This Is One Big F---ing Fraud"

bloomberg.com | Jef Feeley and Beth Hawkins | Posted 10.29.2009 | Business


Oct. 29 (Bloomberg) -- Petters Group Worldwide LLC founder Thomas Petters, charged with overseeing a $3.5 billion Ponzi scheme, admitted he knew his p...

The Lawyers Who Would Torture

David A. Love | Posted 10.29.2009 | Books


David A. Love

Throughout history we have witnessed the ways in which societies compromise their legal systems to oppress the many, benefit the few, and sanction the unconscionable.

Jeffry Picower Dead: Madoff Friend Found At Bottom Of Pool

AP | BRIAN SKOLOFF | Posted 10.26.2009 | Business


PALM BEACH, Fla. — Jeffry Picower, a philanthropist accused of profiting more than $7 billion from the investment schemes of his longtime friend...

Ten Tips to Running a Good Book Reading

Danny Groner | Posted 10.21.2009 | Books


Danny Groner

Although there were only 30 people in attendance for his reading, Penenberg led it skillfully. Amateur writers should take note of some of Penenberg's successes.

SEC Charges 3 Men In $14 Million Ponzi Scheme That Targeted Haitians In Florida, New Jersey

AP | JENNIFER KAY | Posted 10.17.2009 | Business


MIAMI — Three men are accused of running a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South ...

Wesley Snipes Caught In Ponzi Scheme: Report

nypost.com | JAMES DORAN, KAJA WHITEHOUSE and RICHARD WILNER | Posted 10.12.2009 | Business


Wesley Snipes can't seem to get anything right when it comes to his personal finances. The notorious star of the hit "Blade" trilogy found a new ki...

Nicholas Cosmo: Ponzi Schemer's Bail Is Reconsidered After Violating Terms Of Release

AP | Posted 10.09.2009 | New York


CENTRAL ISLIP, N.Y. — A federal judge says a New York businessman accused of orchestrating a $413 million Ponzi scheme has violated conditions o...

Baby Ponzi Scheme: Brian Cohen Arrested For Adoption Scam

AP | FRANK ELTMAN | Posted 09.30.2009 | New York


MINEOLA, N.Y. — An attorney who claimed his own experience as an adopted child motivated him to help people seeking to start families is suspect...

Madoff Victims' Personal Data On Stolen Laptop

newsday.com | September 22, 2009 | Posted 09.23.2009 | Business


More than 2,200 Bernard Madoff investors are learning that some of their personal and financial information has potentially been breached after the Ju...

California's Own Bernie Madoff

Jerry Brown | Posted 09.22.2009 | Business


Jerry Brown

Some called Beverly Hills financial adviser Stanley Chais an investment wizard, but in reality he was nothing more than a glorified middleman, channeling hundreds of millions of dollars in investors' funds to Bernie Madoff in New York.

Florida Gulf Coast: A Ponzi Haven?

Herald Tribune | Michael Pollick | Posted 09.26.2009 | Business


The list of failed Southwest Florida investments keeps getting longer. Arthur G. Nadel faces 15 federal counts in an alleged scheme that cost investo...

2 Men Charged In NY With $80 Million Ponzi Scheme

AP | Posted 09.21.2009 | New York


NEW YORK — Two men lured victims into an $80 million Ponzi scheme by convincing them they were investing in thousands of automated teller machin...

Danny Pang Dead: Financier Under Investigation Dies

AP | CHRISTOPHER WEBER | Posted 09.12.2009 | Business


LOS ANGELES — Danny Pang, an Orange County financier accused by federal regulators of defrauding investors out of hundreds of millions of dollar...

Philip Barry Charged In Ponzi Scheme With Porn Link

AP | DAVID B. CARUSO | Posted 11.09.2009 | New York


NEW YORK — A small-time money manager who did business out of a shabby storefront in Brooklyn was charged Tuesday with running a $40 million Ponzi s...

Barry Stokes, Convicted Ponzi Schemer, Made Voodoo Dolls Of His Victims In Prison

The Tennessean | Naomi Synder | Posted 10.20.2009 | Business


Financial adviser Barry R. Stokes, who has pleaded guilty to stealing $19 million from victims' retirement plans, spent part of his time in jail makin...

Madoff Report Indicted Entire Regulatory System: Newsweek

newsweek.com | Michael Hirsh | Posted 10.20.2009 | Business


In the days immediately after Bernie Madoff's arrest, some enforcement experts I talked to speculated that the errant financier might have been an hon...

NY Post's Madoff Cancer Story "Innacurate", Madoff Doesn't Have Cancer, Isn't Dying: Prison Official

Huffington Post | Posted 09.24.2009 | Business


This morning the NY Post declared that Bernie Madoff had cancer (headline: Bernie's Cancer Cell: Madoff Dying-- Unless He Can Cheat Death, Too). But ...

Bernie Madoff Dying From Cancer: NY Post

New York Post | Posted 09.24.2009 | Business


Bernie Madoff had little to lose by confessing to masterminding the world's biggest Ponzi scheme -- he's dying of cancer, sources told The Post. M...

Markopolos: Credit Default Swaps Bigger Scam Than Madoff

New York Post | Posted 09.12.2009 | Business


HARRY Markopolos -- the whistleblower on Bernie Madoff who proved to be much smarter than the SEC -- says there are evildoers out there who will make ...