PonziScheme

Hedge Fund Manager to Pay $405 Million to Madoff Victims

A settlement announced Sunday will bring $405 million to the clients of hedge fund manager J. Ezra Merkin who were victims of Bernard Madoff's Ponzi scheme. They include a host of charitable organizations; most will receive more than 40% of of their losses back.

Stanford Gets 110 Years for Role in $7 Billion Swindle

Former jet-setting Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was sentenced Thursday to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in U.S. history.

SEC Claims Dead Money Manager Sold Fake Bonds

The Securities and Exchange Commission has sued the estate of money manager Joel David Salinas, the president of J. David Financial who died last month, and Brian Bjork, chief investment officer of Select Asset Management, for allegedly selling $50 million of fake bonds.

I didn't run a Ponzi scheme. Honest!

The latest news in the case of the alleged $8 billion Ponzi shceme perpetrated by Allen Stanford is that... he says he didn't do it. Now isn't that...

In a frenzy over Ponzi

Regulators are going crazy over Ponzi schemes. One regulatory agency has reportedly found 19 Ponzi schemes so far this year, and says that hundreds...

Who is protecting investors?

The Securities and Exchange Commission is charged with protecting investors, investigating allegations of wrongdoing on Wall Street, and generally...

How to spot a Ponzi scheme

The news that Bernard Madoff was arrested Friday and charged with securities fraud in what federal prosecutors called a $50 billion Ponzi scheme...