All HYIPs are Ponzies - Ponzi Scam News

Ponzi Scam News

Madoff in court as panel eyes reforms Tuesday, January 6, 2009 @ 9:47AMU.S. prosecutors asked a judge to jail accused swindler Bernard Madoff yesterday, saying he sent jewellery and other items worth more than $1 million (U.S.) to family and friends in violation of his bail.
Former banker has sentence reduced in cattle scam Tuesday, January 6, 2009 @ 3:32AMA federal judge has ordered a reduction in the prison sentence of a former bank president involved in a Greenbrier County banking and cattle scandal because he assisted the United States with evidence against other individuals.
US seeks to jail ex-Nasdaq chair Madoff Tuesday, January 6, 2009 @ 1:08AMUS prosecutors have asked a judge to jail accused swindler Bernard Madoff, saying he sent jewellery and other items worth more than $US1 million to family and friends in violation of his bail.
(AFX UK Focus) 2009-01-05 23:37 WRAPUP 1-US seeks to jail Madoff, panel meets on reforms Monday, January 5, 2009 @ 11:47PMBy Grant McCool and Rachelle Younglai
U.S. seeks to jail Madoff Monday, January 5, 2009 @ 11:38PMU.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewellery and other items worth more than $1 million to family and friends in violation of his bail.
Madoff Heads to Court, Trustee Sends Out Claim Forms Monday, January 5, 2009 @ 8:31PM Photograph of Bernard Madoff last month by Jason DeCrow/AP Bernard Madoff, who says his investment business was actually a Ponzi scheme estimated at $50 billion , is scheduled to appear in court today for a bail hearing. Bloomberg News reports , " The government may ask that Madoff’s bail conditions be modified, including that bail be withdrawn and the former executive ...
Latins quiet about Madoff losses Sunday, January 4, 2009 @ 5:11AMWealthy Latin Americans appear to be among the big losers in the $50 billion Ponzi scheme orchestrated by financier Bernard Madoff, although many in the region are reluctant to step forward due to the private nature of Latin American fortunes, worries about security, and concerns about tipping off local tax authorities.
Stolen Madoff statue returned with note attached Thursday, January 1, 2009 @ 8:17PMThu 01 Jan, 2009 19:57
Ark. agent for alleged investment scam sought Thursday, January 1, 2009 @ 3:13PMLITTLE ROCK, Ark. - An insurance agent accused of bilking retiree investors out of tens of thousands of dollars and converting the money to his own use is being sought by the Arkansas Securities Department.
Butler County Residents Lose Millions in Scam Thursday, January 1, 2009 @ 2:54PMMany entrusted man with their life savings
Fallen investment titan Madoff set to disclose list of personal assets Thursday, January 1, 2009 @ 6:11AMNEW YORK - Investigators may get a clue Wednesday into how much money might be available for victims in the Bernard Madoff scandal.
Mountain Exchange Thursday, January 1, 2009 @ 12:08AM2009-01-01
How Madoff Is Burning the SEC Thursday, January 1, 2009 @ 12:03AM
Bacon, Sedgwick among Madoff victims Wednesday, December 31, 2008 @ 12:53PMNEW YORK (AP) — Investigators may get a clue Wednesday into how much money might be available for victims in the Bernard Madoff scandal.
Ed Pilkington investigates the curious cult of philanthropic capitalism in the US Wednesday, December 31, 2008 @ 11:59AM Within the upper echelons of American society there is a culture - a cult almost - of giving that is little understood outside the US. Call it capitalist philanthropy, or philanthropic capitalism if you prefer. At its core is the assumption that those who are blessed with great riches should give something back to those less fortunate, through foundations or charities established in their ...
CHURCH-FLEECE PONZI RAP Wednesday, December 31, 2008 @ 11:24AMA Brooklyn man accused of fleecing the flock at a Washington Heights church is under investigation for similar shenanigans at other houses of worship. Bryant Rodriguez was held on $2 million bond yesterday after prosecutors said he may have...
No lifeguards at this pool ... Madoff loses $10,000 statue Wednesday, December 31, 2008 @ 10:15AMDISGRACED financier Bernie Madoff has suffered a fresh setback - a $10,000 statue has been stolen from his Florida home.
Madoff liquidation trustee receives $28M for costs Tuesday, December 30, 2008 @ 3:46PM Associated Press - December 30, 2008 10:33 AM ET NEW YORK (AP) - A bankruptcy judge in New York has approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard...
Ponzi victim Lord Jacobs of Belgravia: Madoff was ‘such a charming guy’ Tuesday, December 30, 2008 @ 1:03AMThe former Liberal Democrat peer Lord Jacobs of Belgravia today revealed that he was a victim of Bernie Madoff, the American fraudster whose $50 billion scam has plunged New York and London investment markets into turmoil.
Bernard Madoff fallout creates Mergers & Acquisitions opportunity Monday, December 29, 2008 @ 5:20AMGlen Hinshaw received a call at his Scottsdale office last week from a man whose family lost $200 million in Bernard Madoff’s alleged Ponzi scheme.
International Forecaster December 2008 (#7) - Gold, Silver, Economy + More Sunday, December 28, 2008 @ 4:47PMThe following are some snippets from the most recent issue of the International Forecaster. For the full 22 page issue, please see subscription information below.
Madoff Becomes Victim After Statue Theft Sunday, December 28, 2008 @ 2:40PMConfessed swindler Bernard Madoff got a taste of his own medicine last weekend when a burglar stole a $10,000 statue from his posh, $9.4 million Palm Beach estate, according to a police report.
ANN WOOLNER: Madoff avoids jail while awaiting his fate Sunday, December 28, 2008 @ 12:11PMEven as charities, funds and investors were tallying the financial devastation in his wake, Bernard Madoff strolled down Lexington Avenue recently, his half-smiling countenance plastered on the front of the New York Times.
Wall Street tops list of the top ten business stories of 2009 Sunday, December 28, 2008 @ 10:18AMWith the speed of a supermarket thriller, Wall Street was upended and remade in 2008.
Ponzi Schemes: The Haul Gets Bigger, but the Fraud Never Changes Saturday, December 27, 2008 @ 6:24AMPonzi schemes are among the oldest in the books. They have been practiced by hundreds of scammers across the world. And they usually end badly.
I?m Penniless, but the Laugh?s on Them Saturday, December 27, 2008 @ 6:13AMFinancial jokes that were once mainly the province of pointy-headed economists are flourishing as a popular genre.
Former Nasdaq chairman arrested on fraud charge Saturday, December 27, 2008 @ 5:22AMNEW YORK — A Wall Street advisor and former chairman of the Nasdaq stock market was arrested Thursday for fraud after allegedly admitting to running a "giant" pyramid scheme, prosecutors announced.
Lifting the Lid: Claim Madoff acted alone meets skepticism Wednesday, December 24, 2008 @ 12:08AM The complexity & duration of suspected $50 billion fraud makes it unlikely that he could have operated it all alone. The Madoff fraud | Protect yourself against frauds
Hedge fund investors sue over $7.5bn Madoff losses Tuesday, December 23, 2008 @ 11:41PMFairfield Greenwich Group, the hedge fund that has potentially lost $7.5 billion it invested with Bernard Madoff, has been sued by some of its own investors alleging negligence.
West Palm Beach police pension takes hit in Madoff collapse Tuesday, December 23, 2008 @ 11:16PMRetired and active West Palm Beach police officers learned Tuesday that they are unwitting victims of the alleged $50 billion Ponzi scheme orchestrated by part-time Palm Beach resident and New York financier Bernard Madoff.
Madoff Investor Reportedly Kills Self Tuesday, December 23, 2008 @ 10:14PMFrench aristocrat who managed money in New York dies, apparently by his own hand.
Could SEC Have Stopped Madoff Scam In 1992? Tuesday, December 23, 2008 @ 8:45PMAn investigation into a feeder fund could have led the agency toward unearthing the fraud.
Investors file class action lawsuit against MassMutual seeking to recover losses in Bernard Madoff scandal Tuesday, December 23, 2008 @ 3:45AMA class action lawsuit was brought Monday against Massachusetts Mutual Life Insurance Co. and its subsidiary, the Tremont Group Holdings Inc., that seeks to recover nearly $3.3 billion in losses by Tremont investors in the Bernard Madoff scandal.
Vetting Investment Advisers to Avoid a Madoff Tuesday, December 23, 2008 @ 1:53AMHow to vet your financial adviser to avert disaster.
A Highly Evolved Propensity for Deceit Tuesday, December 23, 2008 @ 1:36AMApparently, humans are not alone in their deceitful ways.
Richard B. Woodward: Bernard Madoff and Anton Chigurh: the Con Man as Serial Killer Monday, December 22, 2008 @ 6:12PMHow has Madoff coped over the last five months as he watched the financial markets collapse? Carrying a time bomb can be fatal for you and everyone in your vicinity.
Sports World Sunday, December 21, 2008 @ 5:55AM ACROSS THE NATION MAJOR LEAGUE BASEBALL Ex-major league pitcher Dock Ellis dies
Picower Foundation Closes in Wake of Madoff Scam Saturday, December 20, 2008 @ 1:51PMA huge foundation that has given money to New York City libraries is the latest victim in the alleged financial fraud orchestrated by Bernard Madoff.
AP Financial NewsBrief at 6:38 a.m. EST Friday, December 19, 2008 @ 12:04PMTOKYO (AP) _ Panasonic will acquire rival Japanese electronics maker Sanyo for up to 800 billion yen ($9 billion) through a public tender offer after top shareholders, including Goldman Sachs, agreed to the takeover, the companies said Friday.
Investor says he lost kids’ trust funds in alleged scam Friday, December 19, 2008 @ 11:52AMA prominent Bergen County developer says he lost more than $17 million in Bernard Madoff’s alleged $50 billion investment scam — including trust funds for his children.
Massachusetts investor saw inside Madoff scam 9 years ago, but few listened Friday, December 19, 2008 @ 11:18AMHis repeated warnings that Wall Street money manager Bernard Madoff was running a giant Ponzi scheme have cast Harry Markopolos as an unheeded
Madoff scandal hits Aspen investors Friday, December 19, 2008 @ 11:12AM Some of Aspen’s wealthiest residents have been stung hard by the collapse of Bernard Madoff’s alleged $50 billion investment scam. The 70-year-old money manager, who federal authorities say targeted elite enclaves around the world, unsurprisingly had a foothold in this notoriously well-heeled resort town. read more
Mass. Investor Saw Inside Madoff Scam Friday, December 19, 2008 @ 11:12AMHis repeated warnings that Wall Street money manager Bernard Madoff was running a giant Ponzi scheme have cast Harry Markopolos as an unheeded prophet.
Report: Furcal, Dodgers agree to three-year deal Thursday, December 18, 2008 @ 12:04PMReport: Furcal, Dodgers agree to three-year deal baseball Rafael Furcal is staying with the Los Angeles Dodgers, reaching a preliminary agreement on a three-year, $33million contract. Furcal finalized his decision late yesterday afternoon, a person familiar with the negotiations told the Associated Press. A day earlier, Furcal had been close to accepting a three-year, $30 million offer from the ...
Another View: Blaming the S.E.C. Tuesday, December 16, 2008 @ 5:57PMPeter J. Henning, a professor at Wayne State Law School, is writing posts for The Deal Professor blog while Steven M. Davidoff is away. Mr. Henning specializes in issues related to white-collar crime and is a former editor of the White Collar Crime Law Prof Blog.
Madoff faces Wednesday deadline to meet bail terms Tuesday, December 16, 2008 @ 5:39PM Bernard Madoff, the suspected perpetrator of a $50 billion securities fraud that has hit investors worldwide, could find himself back in court on Wednesday if the conditions of his bail are not met.
Pressure mounts on US regulators over Madoff scam Tuesday, December 16, 2008 @ 5:01PMThe London office of Madoff Investment Securities International Limited. Financial commentators let loose on the US financial system Tuesday as more firms announced losses in the suspected multi-billion-dollar swindle run by ex-Wall Street heavyweight Bernard Madoff.
Madoff due in court to meet $10m bail terms Tuesday, December 16, 2008 @ 3:41PMBernard Madoff is scheduled to appear in court in New York later today, to fulfil the final conditions of his $10 million (£6.53 million) bail. Mr Madoff, who was arrested last week after he apparently admitted running a $50 billion "giant Ponzi scheme " through his 48-year-old investment company, is expected to appear at Pearl Street court in downtown Manhattan at 2pm EST (7pm GMT).
How much did Madoff wife know about his $50billion swindle? Tuesday, December 16, 2008 @ 9:37AMTHE WIFE of Bernard Madoff, the man at the centre of the $50billion Ponzi investment fraud, is coming under scrutiny from investigators as to how much she knew about his business and whether she helped him to raise money from their social network of wealthy individuals.
SEC failed to inspect Bernard Madoff fund Sunday, December 14, 2008 @ 9:27PMUS regulators never inspected the hedge fund run by Bernard Madoff - that is now at the centre of an alleged 50bn £33bn investment scam.