Ponzi Scheme

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Madoff Ponzi Scheme: No Indication Stocks Were Ever Purchased

AP | TOM HAYS | Posted 03.23.2009 | Business

Read More: Bernard Madoff, Madoff Scandal, Madoff Fraud, Bernie Madoff Ponzi Scheme, Bernie Madoff, Madoff, Bernie Madoff Victims, Ponzi Scheme, Madoff Ponzi, Madoff Ponzi Scheme Victims, Business News

NEW YORK — Investors wiped out by the Bernard Madoff scandal got more bad news on Friday: Investigators have confirmed suspicions that the month...

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Ponzi Scheme Targeted Deaf Investors, Say US Regulators

Reuters | Posted 03.22.2009 | Business

Read More: Financial Crisis, Ponzi Scheme, Business News

WASHINGTON (Reuters) - Top U.S. securities and futures regulators halted a $4.4 million Ponzi scheme that targeted deaf investors in the United States...

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Allen Stanford Missing: Federal Authorities Do Not Know His Whereabouts

Huffington Post | Julie Satow | Posted 03.21.2009 | Business

Read More: R. Allen Stanford, Allen Stanford, Ponzi Scheme, Bernard Madoff, Sir R. Allen Stanford, Sir Allen Stanford, Bernie Madoff, Bernie Madoff Ponzi Scheme, Allen Stanford Missing, Stanford Missing, Allen Stanford Whereabouts, Where Is R. Allen Stanford, r.allen Stanford, Sir Allen Stanford Missing, Business News

UPDATE: MSNBC is reporting that Allen Stanford tried to hire a private jet to flee the US. According to ABC News, federal authorities do not know the...

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Madoff Blames Ponzi Scheme on Youth, Immaturity

Andy Borowitz | Posted 02.17.2009 | Business

Read More: Hendrick Hertzberg, Andy Borowitz, Chimps, Chrysler, General Motors, Jonathan Alter, Rick Wagoner, Cayman Islands, Ponzi Scheme, Judy Gold, Bank Bailout, Bernie Madoff, Bernard Madoff, Alex Rodriguez, Business News

Madoff pleaded for understanding, explaining, "You do all kinds of crazy things when you're at an impressionable age like 60 or 61."

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President Obama: Sign New Emancipation Proclamation to Free Us From Debt Slavery and Free-up the Economy

Ronald B. Robinson | Posted 03.16.2009 | Politics

Read More: Rescue Plan, Treasury Department, Credit Crisis, President Obama, Banks, Fico, Economy, Federal Reserve Board, Comptroller of the Currency, Stimulus, Business, Bailout, Housing Crisis, Politics News, Paulson, Credit Card Industry, Credit Scores, Housing, Financial Crisis, Foreclosure Crisis, Just Price Solutions, Bonuses, Politics, Economic Crisis, Breaking News, Bignews, Mortgage Crisis, Reform, Wealth, Banking Industry, Freddie Mac, Ponzi Scheme, Emancipation Proclamation, Debt Slavery, Republicans, Fanie Mae, Tax Cuts, Politics News

Mr. President, help us create "a more perfect Union" from the "bottom-up." You can be the Lincoln of our times and free us from the greed and "top-down" bondage that has brought us here.

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Madoff's Victims: Their Exact Locations Around The Globe

Zero Hedge | Tyler Durden | Posted 03.09.2009 | Business

Read More: Madoff, Bernie Madoff, Bernie Madoff Victims, Madoff Victims, Ponzi Scheme, Madoff Ponzi Scheme, Bernie Madoff Ponzi Scheme, Business News

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Change FICO Credit Scoring to Stimulate Economy and Address Housing and Banking Crisis

Ronald B. Robinson | Posted 03.25.2009 | Business

Read More: Treasury Department, President Obama, Economic Crisis, Federal Reserve Board, Economy, Fico, Ponzi Scheme, Credit Crisis, Stimulus, Banking Industry, Mortgage Crisis, Politics, Wealth, Credit Card Industry, Tax Cuts, Credit Scores, Banks, Republicans, Bonuses, Comptroller of the Currency, Business, Financial Crisis, Bignews, Paulson, Housing, Reform, Foreclosure Crisis, Housing Crisis, Rescue Plan, Bailout, Bailout Outrage, Business News

Republicans are proposing a 4% home mortgage Ponzi scheme that's the modern day version of "40 acres and a mule." It's every bit the false promise that dashed the hopes of ex-slaves after the Civil War.

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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

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

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

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

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

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

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

"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

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

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

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

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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