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Ponzi Scheme

Madoff: I 'Can Live' With Victims' Anger

Posted 12.27.2011 | Business

Bernard Madoff -- the man convicted of swindling billions from clients worldwide -- said he's more concerned with how his crimes affected his family t...

'Mini Madoff' Sentenced To 25 Years In Prison For Ponzi Scheme

Posted 12.14.2011 | Business

NEW YORK (Reuters) - A Long Island man was sentenced to 25 years in prison Friday after admitting to stealing more than $195 million from thousand...

Commodities Trader, Hip-Hop Promotor Arrested On $4 Million Ponzi Scheme

Posted 12.07.2011 | Business

Commodities trader and hip-hop promoter Tyrone Gilliams was arrested Wednesday on charges of running a $4 million investment scam, according to a ...

Why Social Security Is Not A Ponzi Scheme

RetirementRevised | Mark Miller | Posted 11.29.2011 | Fifty

Words matter. And as the presidential campaign kicks in to high gear, some terms are being tossed around in ways that could be dangerous for current a...

The Real Crime? Calling Social Security a Ponzi Scheme.

Frank Koller | Posted 11.25.2011 | Politics
Frank Koller

The Republicans' blatant distortions about Social Security are clearly -- and only! -- designed to result in "personal gain" for themselves during this election cycle.

Popular Gambling Website Was Ponzi Scheme

AP | By DAVID B. CARUSO | Posted 11.20.2011 | Sports

NEW YORK -- An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not a leg...

Jordan Howard

Paul Ryan Backs Up Rick Perry: Social Security Is A Ponzi Scheme | Jordan Howard | Posted 11.20.2011 | Politics

WASHINGTON -- Speaking on conservative radio on Tuesday, Rep. Paul Ryan (R-Wis.) agreed with Texas Gov. Rick Perry's (R) claim that Social Security is...

Social Security Ponzi Scheme? Perhaps, but That's Not the Problem

Jagadeesh Gokhale | Posted 11.20.2011 | Politics
Jagadeesh Gokhale

Presidential candidate Governor Rick Perry's claim that Social Security is a "Ponzi scheme" sparked a firestorm, but the comparison is not wholly inappropriate. Even so, that is wrong issue to focus on.

Is Social Security a Ponzi Scheme? Is the Washington Post a Criminal Enterprise?

Dean Baker | Posted 11.19.2011 | Business
Dean Baker

There is no realistic basis for the comparison between Social Security and a Ponzi scheme. The proper response to Governor Perry's charge should have been to ask whether he had any understanding at all about the country's most important social program.

Social Security: Maybe a Ponzi Scheme, Definitely a Bad Investment

Jodi Beggs | Posted 11.15.2011 | Politics
Jodi Beggs

Ponzi scheme, transfer system, or whatever else you want to call it, Social Security is inefficient because it doesn't provide a real opportunity for assets to grow.

Put "Country Before Party" and Admit Social Security Is a Ponzi Scheme

John Hawkins | Posted 11.08.2011 | Politics
John Hawkins

The danger to Social Security isn't the people like Paul Ryan or Rick Perry who want to tweak it to try to make it viable long-term; it's the demagogues who think there's a political advantage to be gained by lying about attempts to reform the program.

Paul Blumenthal

Perry Puts His Money Where His Mouth Is | Paul Blumenthal | Posted 11.08.2011 | Politics

WASHINGTON -- Texas Governor Rick Perry put his money where his mouth is when he wrote the now-controversial 2010 book Fed Up! Our Fight To Save Ameri...

Perry's Iowa Remarks Reveal Republican Strategy on Social Security

Daniel Marans | Posted 10.31.2011 | Politics
Daniel Marans

The media have portrayed Governor Rick Perry's description of Social Security as a "Ponzi scheme" as the latest extreme statement of an unconventionally candid candidate. But his full remarks reveal just as much about Republicans' strategy for cutting Social Security.

At Miami, There's 1 Big Question: 'How?'

AP | TIM REYNOLDS | Posted 10.20.2011 | College

CORAL GABLES, Fla. — A sports bar is packed with Hurricanes boosters, most of whom are wearing their team's orange and green colors. They sponta...

Top 5 Sports Stories

Len Berman | Posted 10.17.2011 | New York
Len Berman

Is cleaning up college sports hopeless? A convicted Ponzi schemer claims he gave all sorts of stuff to University of Miami athletes.

Ruth Madoff Dumps Incarcerated Husband: Report

The Huffington Post | Ashley Reich | Posted 10.15.2011 | Divorce

Ruth Madoff, who stood by her disgraced husband Bernie despite his $65 billion Ponzi scheme and 150-year prison sentence, is cutting ties to him now i...

No Balanced Budget Without Independence From Wall Street

Keith Harrington | Posted 09.23.2011 | Business
Keith Harrington

"We need to balance the budget in order to grow the economy." In the midst of the federal budget debt ceiling food fight, this may be one of the only ideas both political parties can more or less agree on.

More Than A Dozen College Coaches Involved In Possible Ponzi Scheme | Posted 09.19.2011 | College

More than a dozen current and former college coaches -- including Texas Tech's Billy Gillispie, Arizona's Lute Olson, Baylor's Scott Drew and Gonzaga'...

A Morality Litmus Test for Your Broker

Dan Solin | Posted 09.11.2011 | Business
Dan Solin

Schemes share a common theme: The promise of high returns without commensurate risk. But even if you are too smart to fall for this kind of scam, your investments may still be in danger.

Former San Francisco Attorney Indicted For Running Ponzi Scheme

Aaron Sankin | Posted 09.10.2011 | San Francisco

With the stunning indictment that came down on his head late last week, Robert Tunnell Jr.'s days as a high-flying lawyer-turned-investor have likely ...

JPMorgan Chase Gets Dismissal Of Madoff Conspiracy Lawsuit

Posted 09.06.2011 | Business

NEW YORK (Jonathan Stempel) - A federal appeals court threw out a lawsuit accusing JPMorgan Chase & Co of violating U.S. racketeering law by consp...

UPDATE: Ponzi Scheme Moms Promised 100% Return, Made Millions

AP | By CHRISTINA HOAG | Posted 09.06.2011 | Los Angeles

LOS ANGELES -- Three former PTA mothers used their connection with a suburban elementary school to recruit investors in a phony $14 million get-rich-q...

PTA Moms Arrested For Ponzi Scheme And Grand Theft

Diamond Bar, CA Patch | Posted 09.05.2011 | Los Angeles

Three Diamond Bar PTA moms at Armstrong Elementary School allegedly duped around 40 investors in a Ponzi scheme that lost victims up to $4 million. ...

Is the Natural Gas Industry Fracking Itself?

Mitchell J. Rabin | Posted 09.04.2011 | Green
Mitchell J. Rabin

While much is yet to be discovered about the full effect of hydrofracking, what is known to date would suggest that the gas industry would want to really take a good look at developing a long-term investment strategy of renewable resources, quickly.

Craig Huey's Scam-dalous Past

Joe Trippi | Posted 08.30.2011 | Politics
Joe Trippi

It's no coincidence that the most insulting ad I've ever seen in politics was made in support of Craig Huey.