His scheme was one of the first high-profile financial frauds of modern times, and it helped to raise awareness of the dangers of financial fraud, and led to increased regulation of the financial industry. The term "Ponzi scheme" is now used to describe any investment scheme that promises …
$32 Million Coal Mine and "Divine Gold" Ponzi Scheme Federal law enforcement and regulatory agencies conducted a securities fraud investigation where defrauded …
Borrowing from Peter to pay Paul is a scheme made famous by Charles Ponzi. Who was this crook whose name graces this scam?
A Ponzi scheme is a deceptive investment scam that relies on attracting new investors to pay returns to earlier participants. The scheme's promise of high …
Charles Ponzi invented the Ponzi scheme, an investment scam in which first investors are paid with money obtained from second investors.
A Ponzi scheme is an unsustainable scam that relies on a continuous influx of new money to keep it going. The scheme collapses if the flow of new money slows …
Early investors in a Ponzi scheme get rewarded with mindbogglingly large dividends — Horwitz allegedly promised returns between 25% and 45% — that propel …
This is the story of the man behind the eponymous Ponzi scheme — a tale of financial fraud that lives up to its linguistic legacy. And we have a Planet Money guide on how to avoid being scammed...
For decades, Madoff ran a massive Ponzi scheme that took in an estimated $64.8 billion from unsuspecting investors, including celebrities, charities, and even Nobel …
The 11th Circuit's decision in Isaiah v. JPMorgan Chase Bank, N.A. solidifies the legal principle that claims against banks, law firms, accountants, auditors, and others who aid and abet Ponzi schemes …
