Ponzi Scheme

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How I Saved Bernie Madoff's Life

Andy Borowitz | Posted 06.29.2009 | Comedy

Read More: Borowitz Report, Ponzi Scheme, Andy Borowitz, Bernie Madoff, Bernie Madoff Prison, Bernie Madoff Sentencing, Comedy News

Published today, just in time for Bernie's sentencing, my book is a self-help guide entitled: Who Moved My Soap? The CEO's Guide to Surviving in Prison: The Bernie Madoff Edition.

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New Documents on Accused Ponzi Schemer Allen Stanford: Did Bush's Justice Dept. Take "Appropriate Investigative Steps"?

Aram Roston | Posted 07.26.2009 | Business

Read More: George Bush, R. Allen Stanford, Wall Street Crisis, Wall Street, Allen Stanford, Antigua, George W. Bush, Allen Stanford Sec Investigation, Ponzi Scheme, Scandal, Business News

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.

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Bernie Madoff: The Man We Love To Hate Had Help

Ron Kuby | Posted 07.24.2009 | New York

Read More: Ponzi Scheme, New York, Bernie Madoff, New York City, Ron Kuby Madoff, New York News

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.

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Allen Stanford Jailed On Fraud Charges

AP | DEVLIN BARRETT | Posted 07.21.2009 | Business

Read More: Ponzi Scheme, Allen Stanford, Allen Stanford Indicted, Allen Stanford Jailed, Business News

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

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A Fool and His Money Are Soon Parted (Because) There's a Sucker Born Every Minute

Judith M. Bardwick | Posted 07.20.2009 | Business

Read More: Willie Sutton, Bernard Madoff, Conned, Money, Scam, Flattery, Madoff Scam, Ponzi Scheme, Madoff Scandal, Vanity, Bernie Madoff Ponzi Scheme, Bernie Madoff, Madoff Ponzi Scheme, Business News

Who is a sucker? A sucker is someone who wants something so badly that they lose all critical judgment.

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Madoff Scald: SEC Inspector-General Meets With Fraudster

Jun. 18, 2009 | Posted 07.19.2009 | Business

Read More: David Kotz, Sec, SEC Inspector-General, Madoff, Ponzi Scheme, Bernard Madoff, Securities Exchange Commission, Madoff Scandal, Business News

NEW YORK (CNN) -- Admitted fraudster Bernard Madoff, the mastermind of history's biggest Ponzi scheme, had a three-hour meeting with the Securities an...

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David Hernandez: Feds Issue Arrest Warrant For Missing Chicago Sports Webio Backer

Huffington Post | Posted 07.18.2009 | Chicago

Read More: Financial Fraud, Chicago Sports Webio Ponzi Scheme, David Hernandez Complaint, Chicago Sports Webio, David Hernandez Ponzi Scheme, Ponzi Scheme, Mike North, Chicago Sports, David Hernandez, David J. Hernandez, Chicago News

Federal prosecutors issued an arrest warrant Wednesday for David Hernandez, the missing financial backer of the online sports radio site Chicago Sport...

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CHICAGO SPORTS WEBIO Founder Sued By SEC

Chicago Tribune | Ameet Sachdev and Becky Yerak | | Posted 07.17.2009 | Home

Read More: Ponzi Scheme, Sec, Chicago Sports Webio, Mike North, Home News

CHICAGO SPORTS WEBIO : Mike North's business partner in a new Internet sports-talk station in Chicago is a convicted felon who has filed for bankrupt...

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Small Good News: Maria Shriver Says, Show Me The Money

Karen Stabiner | Posted 07.16.2009 | Living

Read More: Maria Shriver, Aig, California, Money, Micro-Loans, Ponzi Scheme, Bernie Madoff, Kiva, Small Good News, Living News

If we have learned anything this year, it is the first rule of Ponziconomics: If an investment sounds too good to be true, it undoubtedly is. ...

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Forte, Fund Manager, Admits To $80M Ponzi Scheme

AP | MARYCLAIRE DALE | Posted 07.06.2009 | Business

Read More: Ponzi Scheme, Jo Forte, Joseph-Forte, John Forte, Business News

PHILADELPHIA — A solo fund manager pleaded guilty Friday to operating an $80 million Ponzi scheme that defrauded more than 70 victims, including...

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Bernie Madoff's Sons Scorn Parents, Report Says

Vanity Fair | Larry McShane | Posted 07.04.2009 | Local

Read More: Madoff Sons, Bernard Madoff Scandal, Madoff Family, New York City, Mark Madoff, Andrew Madoff, Bernard Madoff, Ponzi Scheme, Bernie Madoff, Madoff Ponzi Scheme, Bernie Madoff Ponzi Scheme, New York, Ruth Madoff, Local News

Bernie Madoff's sons have not spoken a single word to their father since he detailed the largest financial fraud in U.S. history, Vanity Fair reports....

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The Ponzi-Pulitzer Scheme

Russ Baker | Posted 06.19.2009 | Media

Read More: Ponzi Scheme, Charles Ponzi, William McMasters, Boston Post, Pulitzer Prize, Media News

It is a common practice among news organizations to make it look like scoops were the result of initiative on their own part when in fact the original tip may have come from an outsider.

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Irving Picard: Madoff Firm Was Family's Piggy Bank

AP | TOM HAYS | Posted 06.13.2009 | Business

Read More: Bernard Madoff, Ponzi Scheme, Madoff Ponzi Scheme, Irving Picard, Irving Picard Bernard Madoff, Business News

NEW YORK — The credit card bill is a 30-page study in conspicuous consumption. A quick scan shows a restaurant charge of more than $2,800, $2,0...

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Mired In Mea Culpas

Kathy McManus | Posted 06.04.2009 | Living

Read More: Morgan Stanley, President Obama, Wall Street, Ponzi Scheme, Alex Rodriguez, Republican Senator Charles Grassley, Michael Phelps, A-Rod, Living News

If love means never having to say you're sorry, does apologizing now mean you never have to accept responsibility?

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Little Dorrit Gives Wall Street a Haircut

Les Leopold | Posted 06.03.2009 | Entertainment

Read More: Financial Crisis, Chrysler, Charles Dickens, Ponzi Scheme, Bernard Madoff, Barack Obama, Entertainment News

As we know, certain hedge funds and investment groups are whining about getting only 30 cents on each dollar of the Chrysler debt they hold. In financial-speak, they are getting "haircuts."

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Bernie Madoff, Scapegoat

Michael Moore | Posted 06.01.2009 | Business

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

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Ponzi vs Madoff: Stealing from the Rich

Anita Thompson | Posted 05.28.2009 | Business

Read More: Ponzi Scheme, American History, Bernie Madoff, Wall Street Bonuses, Obaobama Stimulus Plan, Business News

Charles Ponzi swindled the working poor. Bernie Madoff swindled the Uber Rich -- the ones in-the-know. Well, apparently not so in-the-know.

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Financial Fraud: Neighborhood Watch

Norb Vonnegut | Posted 05.28.2009 | Business

Read More: Ponzi Scheme, Financial Scandal, Bernard Madoff, Acrimoney, Business News

Most of the Ponzi schemes originate in the United States. It's embarrassing.

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Ponzi 401(k)

Norb Vonnegut | Posted 05.26.2009 | Business

Read More: Ponzi Scheme, Financial Scandal, Acrimoney, Business News

Nothing like retirement in the big house.

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Flipping AK-47s in Ponzi Nation

Max Keiser | Posted 05.25.2009 | Business

Read More: 401(K), Second Amendment, Ponzi Scheme, Max Keiser, Ak-47, Tarp, Bullet, Flipping Houses, Pyramid Fraud, Gun Buying Gun Control, Business News

Second Amendment rights are at stake, many believe. After all, it's one of the few Constitutional rights still standing after the Darth Cheney years.

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William Parente, New York Man Who Killed His Family, Was Under Investigation For Alleged Ponzi Scheme

New York Post | KIERAN CROWLEY | Posted 05.24.2009 | Business

Read More: New York Ponzi Scheme, Ponzi Scheme, William Parente Murder, William Parente, Business News

A Long Island lawyer who fatally beat and suffocated his wife and two daughters in a hotel room -- then remained with the bodies for nearly half a day...

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Ponzi Block Party

Norb Vonnegut | Posted 05.24.2009 | Business

Read More: Ponzi Scheme, Clawbacks, Bernard Madoff, Palm Beach, Allen Stanford, Acrimoney, Business News

The home of the the $23 million, alleged fraudster is less than one minute's walk from the Florida estate of Bernie Madoff.

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The $20 Million Ponzi Stimulus Package

Norb Vonnegut | Posted 05.22.2009 | Business

Read More: Ponzi Scheme, Financial Scandal, Private Wealth Management, Allen Stanford, Acrimoney, Business News

Twenty million dollars is enough to cover the cost of 10 lawyers for more than 18 months.

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Raiders of the Rubber Chicken Circuit

Norb Vonnegut | Posted 05.20.2009 | Business

Read More: Ponzi Scheme, Financial Scandal, Bernard Madoff, Danny Pang, Danny-Pang, Private Equity, Wall Street Journal, Business News

We find similarities every time a new Ponzi scheme is uncovered. I would suggest another example of recurring behavior: Philanthropy.

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Ron Kuby's Jailhouse Advice to Bernie Madoff

Ron Mwangaguhunga | Posted 05.16.2009 | Business

Read More: Air America, Bernard Madoff, Ponzi Scheme, Madoff Scandal, Bernie Madoff Ponzi Scheme, Madoff Ponzi Scheme, Bernie Madoff, Business News

"The first piece of advice," said Kuby on his syndicated program, is that "prison is designed to be arbitrary...you have to live with the arbitrary system of the penal code. Period."

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