Man sent to prison for Internet-based Ponzi scheme
(AP)—A man who ran a Ponzi scheme disguised as an online advertising company has been sentenced to 78 months in prison.
(AP)—A man who ran a Ponzi scheme disguised as an online advertising company has been sentenced to 78 months in prison.
Identifying atypical information in financial data early could help identify problematic financial trends such as the systemic risk that recently put the U.S. and global financial systems in a downward fall. ...
A former US senator who now represents poker players compared US efforts to curb online gambling to Prohibition on Tuesday as he argued for legislation that would allow Internet gaming.
(AP) -- An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not a legitimate poker company, but a global Ponzi scheme," federal prosecutors said ...
Most Ponzi schemes, like almost everything else these days, enjoy a limited life in the public eye. Despite its explosive nature, the same would have been true of the Madoff con, except that nobody cooled Bernie's marks out.
The swindling saga of legendary Wall Street conman Bernard Madoff has inspired the creation of The Vile Plutocrat, a website devoted to the notion that "rich people suck."
Whether it's highlighted in major news headlines about Argentinean affairs and Ponzi schemes, or in personal battles with obesity and drug addiction, individuals regularly succumb to greed, lust and self-destructive behaviors. ...
Imagine the shock, the horror, and the sheer panic that would come with learning that the financial plan you’d sunk your life savings into was a sham, the financial experts you trusted were crooks, and all your money was ...
Is there a bit of Bernie in you? Mobile phone users worldwide will soon be able to play Ponzi scheme scammers in a new videogame based on the financial ruin wreaked by jailed US fraudster Bernard Madoff.
While the Bernard Madoff Ponzi scheme led to the collapse of the Picower Foundation, a major benefactor for life science research, many bioindustry observers view the fallout from the scandal as a minor consequence in the ...