An article in a recent edition of the Bloomberg BNS Banking Report on Ponzi Schemes and bank liability referred to an article I wrote on recognizing red flags of Ponzi schemes: Under each, a plaintiff must account for both the […]
It’s hard to believe that a Ponzi scheme as massive as the one perpetrated by Bernard Madoff got by anyone. Surely he was the most clever criminal alive, and was ingenious at hiding his fraud. There couldn’t have been any […]
The big buzz this week is an article in Rolling Stone regarding the SEC’s policy of destroying documents related to Matters Under Investigation (MUIs) which do not result in any agency action being taken. At first blush, it may appear […]
The Salt Lake Tribune By Steven Oberbeck Nicole Lopez’s desire to earn additional money for her family so she could be a stay-at-home mom led her to give multilevel marketing a try. Yet like so many Utahns who get involved […]
More than two years ago, I mentioned here a news story about a Ponzi scheme called Tri Energy Inc. The Securities and Exchange Commission first took action against the company in 2005: The Securities and Exchange Commission yesterday obtained a […]
Commit One of the Largest Financial Crimes in History, Continue to Live in Your $7 Million Apartment
As our friend Bernard Madoff waits around for the wheels of justice to move in his “alleged” $50 billion Ponzi scheme… he’s been a busy boy. No, he’s not sitting in jail, where a fraudster of his magnitude deserves to […]
Recent news of the alleged $50 billion Ponzi scheme perpetrated by investment advisor Bernard L. Madoff has done nothing to ease the fears of investors who have been annihilated by the stock market over the last couple of months.How does […]
If you watch television, read the newspaper, or surf news sites, you’re sure to have hears about the $50 billion Ponzi scheme masterminded by Bernard Madoff. The $50 billion in losses is merely an estimate. Some experts (like me) think […]
CNBC’s “On the Money” focused on the Bernard Madoff Ponzi scheme that is estimated to have created over $50 billion in losses to investor victims. Tracy talks with Carmen Wong Ulrich about how consumers can protect themselves from Ponzi schemes.
I was just reading on TechCrunch about a scam called Bux.to that looks poised to fold. Members are complaining that they are not being paid the money they’ve earned. The site shows some comments from supposed members who say they’ve […]
