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Ponzi scheme

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World Bank: Bitcoin is not a “Ponzi Scheme”

19/11/2014(0)
Ponzi scheme: A fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather ... Read More
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Accountant jailed for £2m ‘Ponzi’ scheme

26/09/2014(0)
The accountant, Geoffrey Langdale, 63, who took more than £2m from a group of investors in a so-called “Ponzi scheme” has been jailed. Geoffrey Langdale admitted deception and fraud charges at ... Read More
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The Reasons Bankers Weren’t Busted

09/09/2014(0)
“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton ... Read More
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Ex-MIT Professor, Son to Plead Guilty in Hedge Fund Scam

13/08/2014(0)
A former Massachusetts Institute of Technology professor and his son agreed to plead guilty to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s ... Read More
Bernard Madoff

Prosecutors, defense spar over $150 billion forfeiture for Madoff aides

30/07/2014(0)
Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial’s key ... Read More
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World Bank Report: Bitcoin is a ‘Naturally Occurring’ Ponzi

17/07/2014(0)
A recently published World Bank policy research working paper on Ponzi schemes mentions bitcoin as a “naturally occurring Ponzi”, clarifying that it has nothing to do with deliberate Ponzi ... Read More
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Despite Exposure of Madoff Fraud, New Ponzi Schemes Emerge

11/07/2014(0)
When the money was rolling in from investors, Scott W. Rothstein, a lawyer in Fort Lauderdale, Fla., bought his wife, Kimberly, more than $1 million in jewelry, including an ... Read More
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The Sterner, Stricter SEC

01/07/2014(0)
As Mary Jo White sees it, the Securities and Exchange Commission’s job is to patrol Wall Street and Main Street and catch financial fraudsters. Since becoming the agency’s chair ... Read More
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FINRA Expels Success Trade Securities and Bars CEO Fuad Ahmed for Ponzi Scheme

26/06/2014(0)
The Financial Industry Regulatory Authority (FINRA) has announced that a FINRA hearing panel has expelled Washington, D.C.-based Success Trade Securities, Inc. from membership and barred its CEO and President, ... Read More
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Bernie Madoff’s Accountant Paul Konigsberg Pleads Guilty to Falsifying Records and Conspiracy

25/06/2014(0)
Fraudster Bernard Madoff’s former accountant Paul Konigsberg pleaded guilty to helping the convicted financier with his Ponzi scheme by falsifying records. “I’m here today to take responsibility for what ... Read More
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