Ponzi Schemes

Fugitive Couple Featured On 'America's Most Wanted' Captured

AP | TERRY TANG and DON BABWIN | Posted 05.08.2012

Read More: U.S. Marshal Service, America's Most Wanted, Video, Matt Hershey, Teresa Allred, Mini Madoffs, Nelson Hallahan, Ponzi Schemes, Investment Scams, David Gonzales, Janet Hallahan, Crime News

TONOPAH, Ariz. — Nelson and Janet Hallahan were known around working-class Peoria, Ill., for their wealth, and flashed it. That, residents said,...

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'Social Capitalist' Charged For Allegedly Bilking Churchgoers In Ponzi Scheme

Reuters | Posted 04.13.2012

Read More: Churchgoers, Video, Reuters, Business News, Ponzi Scheme, Ephren-Taylor, Sec, Ephren Taylor Ii, Securities and Exchange Commission, Ponzi Schemes, Sec Ephren Taylor Ii, Business News

* Ephren Taylor, City Capital charged with fraud * SEC alleges $11 million Ponzi scheme * SEC alleges fraudulent notes, ...

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

Posted 12.14.2011

Read More: Nicholas Cosmo, Video, Business News, Nicholas Cosmo Ponzi Scheme, Ponzi Scheme, Nicholas Cosmo Mini Madoff Sentenced, Ponzi Schemes, Mini-Madoff, Business News

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...

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Bob Turner, Rush Limbaugh's TV Friend

HuffingtonPost.com | Elise Foley | Posted 11.01.2011

Read More: Bob Turner, Entitlements, Anthony Weiner, Intelligent Design, Social Security, Rush Limbaugh, New York 9, David Weprin, Medicare, Ponzi Schemes, Ny-9, Politics News

WASHINGTON -- Bob Turner, the Republican television executive hoping to win a special election for the New York congressional seat vacated by Anthony ...

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The Logic of Ponzi Finance

Micah Hauptman | Posted 10.19.2011

Read More: Wall Street, Great Recession, Business News, Mortgage Crisis, Recession, Financial Crisis, Housing Crisis, Economy, Subprime Lending, Ponzi Schemes, Business News

When you think of Ponzi schemes, fraudsters like Bernie Madoff come to mind. However, Ponzi schemes are not always the result of a few crooks; they can also be a common practice used by society to create a short term economic growth spurt.

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Ponzi Proprieties

Christopher Brauchli | Posted 08.03.2011

Read More: Ponzi Scheme, Madoff Ponzi Scheme, Ponzi Schemes, Jeffry Picower Madoff, Irving Picard Madoff, Madoff Settlement, Stanford Ponzi, Stanford Settlement, Bernie Madoff Ponzi, Stanford Ponzi Scheme, Business News

"It is with a pious fraud as with a bad action; it begets a calamitous necessity of going on." -- Thomas Paine, The Age of Reason. One of the questi...

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Minnesota Trader Must Pay Over $80 Million In Ponzi Case

AP | Posted 05.25.2011

Read More: Charles Hays, Ponzi Schemes, Charles Hays Ponzi, Cftc, Crossfire Trading, Business News

WASHINGTON — Federal regulators say a Minnesota man who pleaded guilty to bilking investors in a commodities Ponzi scheme has to pay $84.7 million i...

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Man Admits Running $100 Million Ponzi Scheme

AP | Posted 05.25.2011

Read More: Ponzi Schemes, Ponzi Scheme, Goldberg Ponzi Scheme, Michael Goldberg Ponzi, Michael Goldberg, Business News

NEW HAVEN, Conn. — Authorities say a former Wethersfield, Conn., resident has pleaded guilty to federal charges he operated a $100 million Ponzi...

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Can the SEC Change?

Heidi Pickman | Posted 05.25.2011

Read More: Norman Hsu, Sec, Carlo Di Florio, Securities and Exchange Commission, Ponzi Schemes, Business News

The temptation of high returns mixed with more than a decade of deregulation means that the SEC, to its credit, certainly has its work cut out for it.

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Alleged Global Ponzi Scheme Head Warned Clients To Avoid Obvious Ponzi Schemes

AP | JIM SUHR | Posted 05.25.2011

Read More: Smirnow Ponzi, Ponzi Schemes, Ponzi Scheme, Pathway to Prosperity, Nicholas Smirnow, Business News

EAST ST. LOUIS, Ill. — A Canadian national who the U.S. government says swindled $70 million from 40,000 investors on six continents carried out...

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Kenneth Starr Busted: Financial Advisor To The Stars Charged With Massive Ponzi Scheme

Posted 05.25.2011

Read More: Kenneth Starr Arrest, Kenneth Starr Ponzi Scheme, Kenneth Starr, Ken Starr, Kenneth Starr Fraud, Slidepollajax, Ponzi Schemes, Los Angeles News

NEW YORK (AP) -- A financial adviser to celebrities including Wesley Snipes and Sylvester Stallone was arrested Thursday on charges that he carried ou...

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AP: Ponzi Busts Nearly Quadrupled In 2009

Posted 05.25.2011

Read More: Allen Stanford, Stanford Ponzi Scheme, Ponzi Scheme, Giant Ponzi Scheme, Charles Ponzi, Madoff Ponzi Scheme, Bernie Madoff Ponzi Scheme, Ponzi Schemes, Business News

(AP -- CURT ANDERSON) - It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as ...

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Twitter Ponzi

Rich Nadworny | Posted 05.25.2011

Read More: Social Media, Twitter, Fans, Twunfollow, Ponzi Schemes, Media News

Among Tweeters, there seems to be some type of unspoken pact of "you follow me, I'll follow you."

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One Big Question for the Madoff Gang

Fortune's Stanley Bing | Posted 05.25.2011

Read More: Ponzi Schemes, Bernard Madoff, Jr, White Collar Criminals, Frank DiPascali, Madoff, Frank DiPascali Madoff, Business News

For 25 years, you've taken the life savings from the elderly, the charitable, your best friends and their families. Suddenly you don't have the moxie to make a clean getaway? Why didn't these guys run away?

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Allen Stanford, US Drug Informant? Evidence Emerges

BBC News | John Sweeney | Posted 05.25.2011

Read More: Sir Allen Stanford, Ponzi Schemes, Allen Stanford, Allen Stanford US Drug Informant, Business News

Evidence has emerged that the Texan who bankrolled English cricket may have been a US government informer. Sir Allen Stanford, who is accused of bank...

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Bank Of America Accused In Ponzi Lawsuit

New York Times | Leslie Wayne | Posted 05.25.2011

Read More: Ponzi Schemes, Bank of America, Bank of America Lawsuit, Business News

Bank of America effectively set up a branch in a Long Island office that helped Nicholas Cosmo carry out a $380 million Ponzi scheme, according to a c...

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U.S. Regulator Probing "Rampant Ponzimonium"

Reuters | Jason Szep | Posted 05.25.2011

Read More: Ponzi Scheme, Ponzi Schemes, Bernard Madoff, Charles Ponzi, Madoff, Business News

Hundreds of people in the United States are under investigation for financial scams, many involving Ponzi schemes, a U.S. regulator said on Friday, ca...

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TIME: How To Spot A Ponzi Scheme

Time | Robert Chew | Posted 05.25.2011

Read More: Ponzi Scheme, Bernard Madoff, Ponzi Schemes, Allen Stanford, Business News

With so many Ponzis and so little time to know if you've been hoodwinked, there are some red flags even the most trusting investors can bank on: yacht...

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Don't Let Madoff Cop a Plea

Aaron Zelinsky | Posted 05.25.2011

Read More: Bernie Madoff Scam, Bernie Madoff Financial Markets, Charles Ponzi, Bernie Madoff, Bernie Madoff Ponzi Scheme, Bernie Madoff Jail, Bernie Madoff Victims, Regulatory Reform, Financial Crisis, Giant Ponzi Scheme, Global Financial Crisis, Ponzi, Alberto Gonzales, Ponzi Schemes, Financial Regulation, U.S. Attorney, Madoff-Plea-Deal, Business News

For the good of the American people, Madoff's victims, and the American financial regulatory system, Madoff should be tried in open court.

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Financial Scams On The Rise As Economic Suffering Spreads

McClatchy Washington Bureau | Tony Pugh | Posted 05.25.2011

Read More: Ponzi Schemes, Economic Suffering, Economic Crisis, Financial Scams, Investment Scams, Economy, Financial Crisis, Business News

WASHINGTON -- Researchers say people are more susceptible to investment scams such as Ponzi and pyramid schemes after going through adverse life event...

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Madoff Whistleblower: There Are Other Ponzi Schemes Out There

nytimes.com | DIANA B. HENRIQUES | Posted 05.25.2011

Read More: More Madoffs, Madoff Whistleblower, Madoff Scheme, Madoff and Sec, Harry Markopolos, Sec Ponzi Scheme Detection, Bernard Madoff, Ben Bernanke, Ponzi Schemes, Business News

The private fraud investigator who tried for years to ignite a federal investigation of Bernard L. Madoff told lawmakers on Wednesday that he had disc...

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SEC Investigating More Ponzi Schemes In Madoff Wake

Bloomberg | Posted 05.25.2011

Read More: Sec, Economy, Financial Crisis, Christopher Cox, Personal Finance, Madoff Scandal, More Ponzi Schemes, Bernie Madoff, Madoff Ponzi Scheme, Ponzi Schemes, Business News

U.S. regulators working to untangle Bernard Madoff's alleged $50 billion Ponzi scheme are probing other money managers suspected of using similar tact...

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As the New Year Begins, Issues to Think More Deeply About

Danny Schechter | Posted 05.25.2011

Read More: Ceasefire, Gaza, Media Spin, Economy, Chris Hedges, Israel, Un, Propaganda, Ponzi Schemes, Media News

The New Year may be here but last year's problems and crimes have stuck to our shoes and we can't seem to scrape them off. This was the least festive...

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