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Ponzi Scheme

Man Charged In Porn-Tainted Ponzi Scheme

AP | DAVID B. CARUSO | Posted 05.25.2011 | 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...

Convicted Ponzi Schemer Made Voodoo Dolls Of His Victims In Prison

The Tennessean | Naomi Synder | Posted 05.25.2011 | 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...

Newsweek: Madoff Report Indicted Entire Regulatory System

newsweek.com | Michael Hirsh | Posted 05.25.2011 | 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...

Bernie Madoff Dying From Cancer: NY Post

New York Post | Posted 05.25.2011 | 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...

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

Huffington Post | Posted 05.25.2011 | 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 ...

Markopolos: Credit Default Swaps Bigger Scam Than Madoff

New York Post | Posted 05.25.2011 | 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 ...

Ex-Madoff CFO Frank DiPascali Expected To Plead Guilty In NYC

AP | TOM HAYS and LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — After months of secretly working with the FBI, Bernard Madoff's right-hand man emerged in federal court on Tuesday and pleaded guilty...

Manufactured Protesters Are Killing Democracy

Shannyn Moore | Posted 05.25.2011 | Politics
Shannyn Moore

The "Tea Party" movement flies in the face of what the true patriots in Boston stood for. Corporate lobbying-run groups are creating the illusion of grass roots protests at the health care town hall meetings.

Madoff's Auditor Pleads Not Guilty

Posted 05.25.2011 | New York

NEW YORK (AP) -- Bernard Madoff's auditor has pleaded not guilty to securities fraud. Prosecutors say accountant David Friehling rubber-stamped Madof...

Mini-Madoffs: The New Breed Of Downmarket Ponzi Schemers (SLIDESHOW, VOTE)

Posted 05.25.2011 | Business

Bernie certainly wasn't alone. As BusinessWeek recently pointed out, there's currently a "bull market for investment scams." Ponzi schemes, in whi...

Madoff's Lawyer: I Would Do It All Again Despite The Death Threats

Financial Times | Joanna Chung | Posted 05.25.2011 | Business

The man who defended Bernard Madoff would not hesitate to do it again. "Absolutely," says Ira Sorkin, who vigorously argued for leniency on behalf of...

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 pris...

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.

Legacy of Shame

Joe Peyronnin | Posted 05.25.2011 | Politics
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...

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.

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.

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.

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.

Allen Stanford Jailed On Fraud Charges

AP | DEVLIN BARRETT | Posted 05.25.2011 | Business

WASHINGTON — Brash Texas billionaire R. Allen Stanford has been jailed on charges his international banking empire was really just a Ponzi schem...

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.