US curbs on online poker compared to Prohibition

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.

Probing Question: How do Ponzi Schemes work?

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 ...

Ponzi scheme theme in 'Made Off' videogame

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.

Central banker takes stab at bitcoin 'bubble'

The head of the Bank of International Settlements, the central bank for central banks, on Tuesday lambasted bitcoin as a speculative bubble and said authorities need to be ready to protect public trust in the financial system.

Madoff scandal's impact on the life sciences

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 ...

New technology pinpoints anomalies in complex financial data

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. Recognizing such ...

Fury of Madoff's Ponzi scheme 'victims' has slowed process

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.

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