ponzi scheme

Top 10 Financial Scandals of All Time

Massive financial losses are joined by political double-dealings, public spectacles, pyramid schemes, celebrity downfalls, rouge traders and a few Nazis.

10 Mistakes That Turn Investors Into Their Own Worst Enemies

The hardest part of investing can sometimes be getting out of your own way. Too often, we let emotions guide our investing strategies, with disastrous results. A new study reveals the most common mistakes: We've summed up the popular pitfalls so you can avoid them.

Life After a Ponzi Scheme: Victim Turns Huge Loss into Literature

In 2008, R.P. McCabe saw a $1 million investment in real estate disappear, not due to the recession, but a Ponzi scheme that robbed around 700 investors of $100 million. First he got mad. Then he got depressed. Next, he got curious. And then he wrote a novel based on the experiences of his fellow victims: "Betrayed."

.44 Magnum Investment Scam Was Intended to Be a Real Killer

After all the times people have been duped by Ponzi schemes and Nigerian scams, people still fall for similar cons. But in the case of the .44 Magnum Leveraged Financing Program, some investors recently found a way to lose their money with a real bang.

Ex-Stanford Exec Gets 3 Years for $7 Billion Swindle

A top executive in the now-defunct empire of disgraced Texas financier R. Allen Stanford was sentenced to three years in prison Thursday for her role in helping the once jet-setting businessman bilk investors out of more than $7 billion in one of the biggest Ponzi schemes in U.S. history.

How Our Tiny 'Thefts' Add Up to Madoff-Scale Damage

It's easy to place the blame for many of our societal problems on newsworthy criminals like Bernie Madoff. But the truth is, most of us engage in minor acts of ethical misconduct that, cumulatively, have a worse effect than the crimes that make the news.