ponzi schemes

Same old, same old: Get-rich-quick, high-yield investment schemes on the Internet feign social acceptance with clever use of Twitter, Facebook and YouTube, but they operate on age-old Ponzi principles. If it sounds too good to be true...

When Bernie Madoff confessed in December 2008 that he had been running a Ponzi scheme for decades, everyone was surprised, but not Harry Markopolos and his team. Markopolos, Frank Casey, Neil Chelo and Mike Ocrant had been tracking Madoff's boldface lies for 10 years. They had, in fact, reported...

The news that Bernard Madoff was arrested Friday and charged with securities fraud in what federal prosecutors called a $50 billion Ponzi scheme should serve as a warning to anyone asked to give money with promises of getting high returns if they sign up more people. Hopefully you won't get...