He's gotten many hardworking people to invest their hopes and dreams in him. But he's also attracted the support of those who smell an easy profit.
6. Nick Leeson Rogue Trades: This is almost more an example of a trade gone horribly wrong (the subject of a future death
Many of the 2009 cases have yet to head to trial. In its tally, the AP counted schemes in which prosecutions were initiated
It is a common practice among news organizations to make it look like scoops were the result of initiative on their own part when in fact the original tip may have come from an outsider.
Hundreds of people in the United States are under investigation for financial scams, many involving Ponzi schemes, a U.S
Why does Detroit get only 10% of what the banks and Wall Street have been loaned?
For the good of the American people, Madoff's victims, and the American financial regulatory system, Madoff should be tried in open court.
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.
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.
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.