ponzi scheme

It's unclear whether the president will consider the notorious Ponzi schemer's clemency petition.
U.S. Attorney Robert Capers points to a chart as he details charges in an indictment against Platinum Partners hedge fund
There are the low-cost-but-highly-improbable options. Yep, I'm talking about the scratchy lottos. But I can't bring myself
China's mishandling of its financial markets continues to reverberate through its own economy and global financial markets.
Two points were made in the October debate that deserve scrutiny. One was voiced by several candidates, from Senator Rand Paul to Governor Chris Christie: Namely, that the government has been "stealing" from Social Security. The other is that Social Security is a giant Ponzi scheme Let's discuss why this is a terrible misrepresentation of this program and how Social Security actually works.
If you are presented with an opportunity to invest in an unregistered offering, in addition to thoroughly investigating an investment--and the expert selling it--you should be on the lookout for some potential scams.
I am writing this piece to fully investigate for myself, whether Higher Education is a Ponzi scheme. For the past year now, after leaving the system, I have had a growing suspicion that it is.
There were several reasons I parted ways with my early conservative evangelical roots (among them was that I was thrown out), and trying in vain to accept the idea that Jesus died for my sins was a big one.
Eleanor Squillari joins HuffPost Live to explain why she thinks that Bernie Madoff was a sociopath.
Anyone who measures his or her self-worth by the facade he or she fabricates on the Internet -- or by his or her material possessions and status symbols -- or by the Facebook and Instagram LIKEs he or she receives for posting selfies -- is a disaster looking for a place to happen.
From the fake revelations of revivalist preacher Peter Popoff, to the 80s excess and false lashes of Jim and Tammy Faye Bakker
Does anyone actually still believe the words "trickle-down theory" have any valid meaning? Is anyone buying into this fiction that increasing the minimum wage would ruin our economy but multi-million dollar executive salaries don't increase prices at all?
Under Operation Choke Point, the FDIC has warned banks against working with firms that defraud people. Working with fraudsters
I have seen the movie The Wolf of Wall Street and enjoyed it quite a lot, though that loud brash generation is more muted these days. But it made me wonder, have we seen the last of the scam artist investor?
When the Federal Reserve Board pronounces that virtual "currencies like Bitcoin have legitimate uses and should not be banned," it commits two sins.
I assume Segarra's suit isn't the publicity Blankfein was hoping for, and I wonder what's going on at the NY Fed. When I was at Monster Worldwide, I experienced first-hand Goldman Sachs "doing God's work."
This July, some eight and a half decades after my great-grandfather's psychotic breakdown and subsequent murder of Motley Flint, my family remembers how little things have changed.
The Unavoidable Disappearance of Tom Durnin raises fabulous questions about the strength of family ties amid a father's struggle to resurrect his life after a moral and financial failing.