Ponzi Scam
|
Famous Scams: The Match KingSwedish entrepreneur Ivar Kreuger became one of the twentieth century's earliest monopolists and successful industrialists, and one of its earliest major swindlers. Read More... |
Hedge fund agrees to return Madoff withdrawals
AP via Yahoo! FinanceThe pool of money available to compensate victims of Bernard Madoff's massive pyramid scam is getting bigger. A Swiss hedge fund affiliated with Spain's largest bank has agreed to return $235 million that it withdrew from its accounts with Madoff before the scheme collapsed.
Records show dozens of prominent Maconites bilked in scam
Macon TelegraphMore than four dozen people, including some of Macon’s prominent business leaders and professionals, put money into what authorities allege was an investment scam.
Chais and other Madoff investors under criminal investigations
The Jewish Journal of Greater Los AngelesStanley Chais, Jeffrey Picower and Carl Shapiro each lost tens of millions of dollars when Bernard Madoff’s monstrous Ponzi scheme fell apart. Their charitable foundations were hammered, and this month Chais was sued by the court-appointed trustee overseeing the liquidation of Madoff’s assets, who said Chais was the first number on Madoff’s speed dial and had “intimate knowledge” of the fraud.
Ruth Madoff Keeps Visiting Bernie
GothamistABC News caught up Ruth Madoff , wife of multi-billion Ponzi-scheming investment guru Bernard Madoff, while she leaving the Metropolitan Correctional Center , where her husband is being held. When asked "if she had anything to say to the victims of her husband's scam or whether she played a role in it," she simply said, " I have no response to you ." Apparently Ruth Madoff has been telling ...
Illinois Company Steals Millions from Investors
WMBD - FOX 43 PeoriaWMBD/WYZZ – PEORIA -- A Fairfield, Illinois company has been convicted of stealing more than $4 million from investors. Illinois Secretary of State Jesse White said on Thursday that Hughes Energy, Inc was running a bogus scam to develop oil properties.
The Medicare Ponzi Scheme
Jewish World Reviewhttp://www.JewishWorldReview.com | Isn't it high time America did less for the elderly? A politically incorrect question for sure. But Medicare has an astounding $34-trillion unfunded liability.
Madoff trustee wins $235M from Spanish bank
Crain's New York BusinessOverseer of recovery fund for Ponzi schemes victims persuades Santander to pay for some of the $3 billion its Optimal hedge fund group fed into the Madoff scam machine.
Norman Hsu, Hillary Clinton fund-raiser, pleads guilty in $20M Ponzi scam
New York Daily NewsHillary Clinton fund-raiser Norman Hsu pleaded guilty Thursday to swindling investors out of $20 million while touting his inside access to Democratic Party big shots.
Bail reduced for Ponzi scheme suspect
The Record SearchlightThe attorney representing a Santa Rosa man accused with two others of bilking at least 2,000 investors of approximately $200 million said Monday that his client had no role in the alleged Ponzi scheme.
NewsBreak for Friday, May 29, 2009
Minneapolis-St. Paul Star TribuneAimee Blanchette and Michael Rand host today's NewsBreak with guest reporter Dan Browning discussing Kalin Dao's Ponzi scam.