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Ponzi Scheme

Trading > Calculated Risk

Ponzi: SEC Charges Stanford with $8 billion securities fraud

Calculated Risk... | Tue, 02/17/2009 - 2:45pm | banking fraud, James Davis alleged fraud, Laura Pendergest-Holt alleged fraud, Ponzi Scheme, SEC, SGC, Stanford Group Company, Stanford International Bank scheme |  1 comment

From the SEC: SEC Charges R. Allen Stanford, Stanford International Bank for Multi-Billion Dollar Investment Scheme Stanford's companies include Antiguan-based Stanford International Bank (SIB), Houston-based broker-dealer and investment adviser Stanford Group Company (SGC), and investment adviser S ... Read more

Trading > Trader X

More Ponzi madness!!!

Trader X | Tue, 01/27/2009 - 12:13pm | Agape World in Hauppauge, another possible grand heist, Fraud, New York ponzi scheming, Nicholas Cosmo, Ponzi Scheme, theft |  2 comments

And yet another suspected Ponzi scheme is uncovered . "A New York businessman sought by federal authorities in connection with a suspected $380 million Ponzi scheme has been arrested and charged...the businessman, Nicholas Cosmo, founder of Agape World in Hauppauge, surrendered at the Long Isl ... Read more

Personal Finance > FFS Blog

Bernie Madoff With Staggering Amounts of Money

Tom Fisher | Mon, 12/15/2008 - 7:10pm | Bernie Madhoff, Hedge Funds, Ponzi Scheme, Ruth Shapiro Foundation, Wall St. Scam, Wunderkinder Foundation |  1 comment

The news media continue to reverberate with details of Bernard Madoff’s fraudulent investment scheme. Sadly, a number of charitable foundations, including Elie Wiesel's Foundation For Humanity, Steven Speilberg’s Wunderkinder Foundation, the Carl and Ruth Shapiro Foundation, and the Robert Lappi ... Read more