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Ponzi Scheme

Republicans' 4% Mortgage "Stimulus" Is Latest Ponzi Scheme

Ronald B. Robinson | Posted 03.08.2009 | Politics

Read More: Fha, Depression, Melvin Oliver, Sec, Mitch McConnell, Housing, New Deal, Social Security, Black Wealth White Wealth, Stimulus, Black, Republican First Principles, Mortgage Crisis, Redlining, Eugencis, Wealth, Predatory Lending, African American, Loans, Ponzi Scheme, Construction, Subprime, Bernie Madoff, Rush Limbaugh, Obama, Media, Politics, Bailout, Economy, Race, White House, Financial Crisis, Bignews, Paulson, Foreclosure Crisis, Credit Score, Great Depression, Credit Rating Agencies, Freddie Mac, 4% Morgage, Fanie Mae, Politics News
Ronald B. Robinson

Does the Republican ploy to provide 4% home mortgages to boost the economy sound too good to be true? It is. Buyer Beware!

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WATCH: Madoff Whistleblower Testifies, WSJ Blew Chance To Break Story

MSNBC | Posted 03.07.2009 | Business

Read More: Congress, Madoff, Whistleblower, Harry Markopolos Madoff, Ponzi Scheme, Harry Markopolos, Markopolos, Bernie Madoff, Madoff Fraud, Business News

***UPDATE 2:20PM*** The Wall Street Journal blew its chance to break open the Madoff ponzi scheme three years ago, according to whistleblower Harry M...

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Bernie Madoff's Office Photos (SLIDESHOW, VIDEO)

Huffington Post | Julie Satow | Posted 03.06.2009 | Business

Read More: Slideshow, Madoff, Ponzi Scheme, Bernard Madoff, Madoff Victims, Madoff Scandal, Bernie Madoff, Madoff Ponzi Scheme, Bernie Madoff Office Photos, Bernie Madoff Office Pictures, Bernie Madoff Office, Madoff Office, Madoff's Office, Office Photos, Madoff Offices, Madoffs Office, Bernie Madoff Slide Show, Business News

Fox Business raises the blinds on Bernie Madoff's notorious three-floor offices in Midtown Manhattan's Lipstick Building. In addition to the photos,...

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Shameful Bankers: Time for a Revolution

Paul Jenkins | Posted 03.01.2009 | Business

Read More: Russ Feingold, Financial Industry, John Thain, Economy, Barney Frank, Ponzi Scheme, Capitalism, Barack Obama, Robert Rubin, Goldman Sachs, Wall Street, Marxism, Richard Fuld, Treasury, Timothy Geithner, Socialism, Bank Bailout, Tarp, Bailout Bandits, Business News
Paul Jenkins

While there are many victims in the colossal Ponzi scheme that is the American economy, few of these victims have not in some way been complicit.

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Transform Banks into Credit Unions

Mike Garibaldi-Frick | Posted 02.27.2009 | Business

Read More: Wall Street, FInancial Markets, Bank of America, Bailouts, Banking, Banks, Financial Crisis, Ponzi Scheme, Credit Unions, Economy, Business News
Mike Garibaldi-Frick

Banks have been ripping-off the middle class for years. In addition to user fees, the middle class pays banks large spreads on mortgages, credit cards and other types of debt.

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The Silver Linings: the Madoff Tax Credit

Edward Jay Epstein | Posted 02.22.2009 | Business

Read More: Bernard Madoff Scandal, Money, Bank of America, Aig, Ponzi Scheme, Madoff Scandal, Bernie Madoff, Barclays, Investors, Madoff Investors, General Motors, Madoff, Citibank, Ambac Financial, Bernard Madoff, Madoff Ponzi Scheme, Business News
Edward Jay Epstein

To the extent that Madoff's investors paid taxes on false capital gains, they are owed tax refunds -- with interest; investors may deduct billions worth of their loss against other income.

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Let's Hear From The Madoff Women

Vicky Ward | Posted 02.19.2009 | Business

Read More: Ponzi Scheme, Sylvia Madoff, Bernard Madoff, Frank Avellino, Securities and Exchange Commission, Business News
Vicky Ward

Do we really believe Ruth knew nothing of her husband's business? The couple spent an unusual amount of time together -- just the two of them.

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Madoff: Investment Fund, or Virtual Reality Game?

Charles H. Green | Posted 02.17.2009 | Business

Read More: Trades, Bernard Madoff, Transactions, Scandal, Madoff Hearing, Madoff Fate, Madoff, Madoff Indictment, Madoff Trial, Ponzi Scheme, Madoff Scandal, Madoff Ponzi Scheme, Bernie Madoff, Madoff Jail, Schapiro, Business News
Charles H. Green

It's beginning to look like Madoff's business model had less in common with a hedge fund or investment management firm than it did with an online virtual reality game.

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1992 Ponzi Scheme Investigation Missed Signals About Madoff

New York Times | ALEX BERENSON | Posted 02.17.2009 | Business

Read More: Madoff Inquiry, Bernard Madoff, Bernard Madoff Fraud, Madoff Case, Madoff Investigation, Ponzi Scheme, Business News

Seventeen years ago, federal investigators questioned for the first time whether Bernard L. Madoff was connected to a Ponzi scheme. Their inquiry cent...

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A Letter from Bernie Madoff

Andy Borowitz | Posted 01.15.2009 | Business

Read More: Borowitz Report, New York Times, Miley Cyrus, Andy Borowitz, Benicio Del Toro, Bernie Madoff, Cayman Islands, Madoff Hearing, Humor, Ponzi Scheme, Madoff Scandal, Madoff Fate, Madoff, Satire, Madoff Indictment, Madoff Trial, Bernard Madoff, Madoff Ponzi Scheme, Madoff Jail, Business News
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."

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Rich Get Poorer, Poor Disappear

Barbara Ehrenreich | Posted 02.12.2009 | Politics

Read More: Economy, Madoff Hearing, Madoff Fate, Madoff, Madoff Indictment, Madoff Trial, Ponzi Scheme, Bernard Madoff, Madoff Scandal, Bernie Madoff, Madoff Ponzi Scheme, Madoff Jail, Politics News
Barbara Ehrenreich

As the poor and the formerly middle class Nouveau Poor become the American majority, they will finally have the clout to get their needs met.

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Take That Smug Smile Off Madoff Now

Vicky Ward | Posted 02.11.2009 | Business

Read More: Madoff Trial, Ponzi Scheme, Bernard Madoff, Madoff Hearing, Madoff Fate, Madoff, Madoff Indictment, Madoff Scandal, Shakespeare, Villainy, Bernie Madoff, Madoff Ponzi Scheme, Madoff Jail, Business News
Vicky Ward

Even if Madoff goes to jail today, he still doesn't face indictment for at least another 30 days. The grand jury has been given an extension to deliberate -- and some of us are baffled as to why.

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Richard Piccoli, 82-Year-Old Businessman, Charged With Running $17M Ponzi Scheme

AP | CAROLYN THOMPSON | Posted 02.09.2009 | Business

Read More: Piccoli Ponzi Scheme, Madoff Ponzi Scheme, Ponzi Scheme, Madoff, Richard Piccoli, Business News

BUFFALO, N.Y. — An 82-year-old businessman was charged Thursday with running a Ponzi scheme that took in at least $17 million from a clientele g...

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Joseph Forte, Mini-Madoff: Philly Man Charged With $50M Ponzi Scheme

AP | JOANN LOVIGLIO | Posted 02.09.2009 | Business

Read More: Joseph Forte, Mini Madoff, Joseph Forte LP, Bernard Madoff, Ponzi Scheme, Philadelphia Ponzi Scheme, Business News

PHILADELPHIA — An investment manager ran a Ponzi scheme that swindled an estimated $50 million from as many as 80 investors, federal authorities...

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Madoff Just the Start of Post-Bubble Scandals

Diane Francis | Posted 02.09.2009 | Business

Read More: Sonja Kohn, Economic Bubble, Bernard Madoff Scandal, Bernie Ebbers, Robert Maxwell, Societe Generale, Enron, Economy, Ken Lay, Ponzi Scheme, Bank Medici, Scams, Bernie Madoff, Rene-Thierry Magon De La Villehuchet, Conrad Black, Wall Street, White Collar Crime, Hedge Funds, Worldcom, Banking, Financial Crisis, Bernard Madoff, Madoff Ponzi Scheme, Investment Banking, Business News
Diane Francis

The $50-billion fraud, allegedly perpetrated by New York's Bernie Madoff, is a predictable outcome following the collapse of a speculative bubble. Big bubbles attract bigger crooks.

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Madoff Checks Found At Arrest Totalled $173 Million

ABC | Posted 02.09.2009 | Business

Read More: Ponzi Scheme, Madoff Scandal, Bernie Madoff, Bernie Madoff Checks, Business News

Prosecutors arguing that alleged $50 billion scammer Bernard Madoff should be put in jail immediately say that when Madoff's desk was searched followi...

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Harry Markopolos, Madoff Whistleblower, Now Faces Limelight

The Boston Globe | Posted 02.09.2009 | Business

Read More: North by Northwest, Ponzi Scheme, Harry Markopolos, Madoff Whistleblower, Bernie Madoff, Harry Markopolos Madoff, Markopolos, Business News

A month ago, Harry Markopolos was an accountant unknown outside Boston's financial community. Now the slight, bookish 52-year-old from Whitman is u...

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The Greatest Ponzi Scheme of All Time

Reese Schonfeld | Posted 02.07.2009 | Politics

Read More: Taxes, Ponzi, Tax Policy, National Debt, Madoff, Economy, George W. Bush, Tax Cuts, Ponzi Scheme, President Bush, Madoff Ponzi Scheme, Bush Tax Cuts, Politics News
Reese Schonfeld

When the President came into office, there were about 278 million people living in America. The national debt was $5.6 trillion. Now there are 307 million of us. The national debt is $10.6 trillion.

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The Ponzi Scheme Presidency

Tom Engelhardt | Posted 02.06.2009 | Politics

Read More: George Bush, US Military, Warwire, Afghanistan, Pax Americana, Ponzi Scheme, Pax Republicana, Death, Iraq War, Bush Administration, Vietnam War, Neoconservatives, Korean War, Bernard Madoff, Assyrians, Charles Ponzi, Politics News
Tom Engelhardt

At a cost of nearly one trillion taxpayer dollars to date, Bush's mad "global war" simply sucked needed money out of our world at levels that made Bernie Madoff seem like a small fry.

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Why We Keep Falling For Financial Scams

Wall Street Journal | STEPHEN GREENSPAN | Posted 02.03.2009 | Business

Read More: Financial Fraud, Fraud, Ponzi Scheme, Financial Scheme, Madoff Scandal, Madoff Fraud, Business News

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...

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SEC Halts Alleged $23 Million Ponzi Scheme

Reuters | Posted 01.30.2009 | Business

Read More: Ponzi Scheme, Sec, Security and Exchange Commission, SEC Ponzi Scheme, Business News

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...

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A Still-Pertinent Inquiry for All Madoff Watchers

Fortune's Stanley Bing | Posted 01.29.2009 | Business

Read More: Ponzi Scheme, Sec, Bernie Madoff, Retribution, Bernard Madoff, Madoff Money, Madoff Scandal, Business News
<i>Fortune</i>'s Stanley Bing

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

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2009: A Time for Real Economic Change

Mike Garibaldi-Frick | Posted 01.28.2009 | Business

Read More: Taxes, Small Business, Wall Street Bailout, Economy, Economic Crisis, Middle Class, George W. Bush, Ponzi Scheme, Obama, Corporate Power, Capitalism, Tax Reform, Recession, Economic Policy, FInancial Markets, Corporations, United States, Tax Cuts, Mortgage Rates, Interest Rates, Wall Street, Great Depression, Financial Crisis, Business News
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.

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Ponzi Schemes and How to Spot Them

Sunny Hostin | Posted 01.23.2009 | Business

Read More: Bernard Madoff, Madoff Scandal, Madoff Ponzi Scheme, Bernie Madoff, Madoff, Ponzi Scheme, Charles Ponzi, Business News
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.

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Ponzi Democracy

Rory O'Connor | Posted 01.23.2009 | Business

Read More: Ponzi Scheme, Bernard Madoff, Madoff Ponzi Scheme, Madoff Scandal, Bernie Madoff, Markopolos, Charles Ponzi, Business News
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.

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