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Ponzi Scheme

Why We Keep Falling For Financial Scams

Wall Street Journal | STEPHEN GREENSPAN | Posted 05.25.2011 | Business

There are few areas where skepticism is more important than how one invests one's life savings. Yet intelligent and educated people, some of them naï...

SEC Halts Alleged $23 Million Ponzi Scheme

Reuters | Posted 05.25.2011 | Business

U.S. securities regulators obtained an emergency court order to stop an alleged Ponzi scheme that collected more than $23 million from thousands of in...

A Still-Pertinent Inquiry for All Madoff Watchers

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Where's the money? If the location has been revealed anywhere in video, print or online, I've missed it.

2009: A Time for Real Economic Change

Mike Garibaldi-Frick | Posted 05.25.2011 | Business
Mike Garibaldi-Frick

America's anger and ingenious will is stoked and a new, more open administration is coming to power looking for innovative, far-reaching ideas.

The Real Lesson for Madoff's Chosen People

Larry Gellman | Posted 05.25.2011 | Business
Larry Gellman

44% of Americans say they have changed their religion at least once. A generation ago, we were born Jewish or Christian and we stayed that way whether we liked it or not.

Ponzi Schemes and How to Spot Them

Sunny Hostin | Posted 05.25.2011 | Business
Sunny Hostin

As news spreads of Bernard Madoff's alleged $50 billion fraud, many are wondering what exactly a Ponzi scheme is and how to avoid becoming a victim.

Ponzi Democracy

Rory O'Connor | Posted 05.25.2011 | Business
Rory O'Connor

Few accounts of the Madoff scandal have delved into the back-story of who "Ponzi" actually was, and how he became the legendary swindler whose name has since been enshrined in the financial Hall of Shame.

Abolish the SEC

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

The mere existence of the SEC gives investors false confidence, lulling them into reduced vigilance and making them think they are protected when they are not.

Bernie Madoff Books Coming From Two Major Publishers

AP | Posted 05.25.2011 | Media

NEW YORK — The Bernard Madoff books are in the works. Less than one week after the former chairman of the Nasdaq Stock Market was arrested for ...

SEC Watched Porn, Ran Private Businesses Instead Of Catching Madoff, Report

ProPublica | Posted 05.25.2011 | Business

The Securities and Exchange Commission is taking a drubbing these days for its abject failure―despite detailed tips―to catch Bernie Madoff in what...

Hedge Funds as Victims?

James Berman | Posted 05.25.2011 | Business
James Berman

Hedge fund are required to carefully investigate their potential investments. When a "fund-of-funds" farms its money out to another manager, a few simple questions are due diligence 101.

Madoff Gets House Arrest, Guards "To Prevent Harm Or Flight" Under New Bail Agreement

AP | LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — Facing a growing chorus of angry investors, disgraced financier Bernard Madoff lost his right to leave his home Friday and was ordere...

Madoff Victim: Major Sustainable Food Foundation Collapses

Grist | Tom Philpott | Posted 05.25.2011 | Green

For a couple of years, there has been lots of buzz in the sustainable-food world about the Fair Food Foundation of Ann Arbor, Mich. Fair Food was f...

Madoff Unmasked: The Cry of the Snookered Investor

Rick Horowitz | Posted 05.25.2011 | Business
Rick Horowitz

Who does this to people? Who takes families' life savings, everything they built up over all the years and years, everything they need for later, and just takes like a thief until there's nothing?

Madoff's Ponzi Scheme Could Cost IRS $17 Billion In Lost Tax Revenue

AP | RACHEL BECK | Posted 05.25.2011 | Business

NEW YORK — Even Uncle Sam may get burned by Bernard Madoff. Investors who lost their fortunes in Madoff's alleged Ponzi scheme will end up payi...

Ponzi Estate Sues Madoff Federal Prosecutors For Slander

Steve Young | Posted 05.25.2011 | Business
Steve Young

Family of Famed Pyramid Schemer Loses Millions In Madoff Fraud A spokesman for the Charles Ponzi estate revealed that the Ponzi family had lost unto...

Mukasey Recuses Himself In Madoff Probe

AP | LARA JAKES JORDAN | Posted 05.25.2011 | Politics

WASHINGTON — Attorney General Michael Mukasey has recused himself from the Justice Department's investigation into Bernard L. Madoff, accused of...

Madoff Out On Bail: Gets Curfew, Monitoring Bracelet At Hearing (VIDEO)

AP | Posted 05.25.2011 | Business

Scroll down for video NEW YORK — Disgraced investor Bernard Madoff made an appearance at the federal courthouse in Manhattan to complete paperw...

Political Corruption, Wall Street Frauds, and Sociopaths

Dan Agin | Posted 05.25.2011 | Business
Dan Agin

These days it seems we're living in a society that's a candy store for sociopaths and almost-sociopaths and wannabe-sociopaths.

Is Gordon Gekko Right?

Byron Williams | Posted 05.25.2011 | Business
Byron Williams

In the case of Bernard Madoff, the financial bottom line became the exclusive demarcation between genius and unlawful and immoral acts.

A Letter from Bernie Madoff

Andy Borowitz | Posted 05.25.2011 | Business
Andy Borowitz

"Dear neighbors, in exchange for all the support you've shown me, I'd like to do something for you -- in the form of the investment opportunity of a lifetime."

Madoff Ponzi Scheme Concerns Limit European Gains

AP | PAN PYLAS | Posted 05.25.2011 | Business

LONDON — European and U.S. stock markets fell modestly on Monday despite earlier Asian gains, as sentiment was dented by an alleged $50 billion ...

Time to Blame Our Own Greed For the Madoff Mess

Vicky Ward | Posted 05.25.2011 | Business
Vicky Ward

When are we going to stop talking about Madoff's "victims" or "foolish investors" and instead ask investors to take responsibility for their own actions?

Madoff in Manhattan

Nina Burleigh | Posted 05.25.2011 | Business
Nina Burleigh

I will admit it took us the longest time to get properly introduced to Mr. Madoff, but that was part of his appeal.

SEC Missed Madoff's Ponzi Scheme | Posted 05.25.2011 | Home

U.S. regulators never inspected Bernard Madoff's investment advisory business, alleged to be a Ponzi scheme that cost investors $50 billion, after he ...