Bernie Madoff’s Used Socks and Boxer Shorts up for Auction

The United States Marshals Service is auctioning varoius items belonging to Bernie Madoff and his wife Ruth including used socks and boxer shorts.The property was forfeited and seized in connection with the...

Kenneth Starr Charged In $30 Million Ponzi Scheme

Kenneth Starr Indicted in Ponzi Scheme; Not Clinton-Lewinsky Ken Starr New York-based investment advisor Kenneth Starr-- not to be confused with former special prosecutor Kenneth Starr, who oversaw the Bill...

Tom Petters Gets 50-Year Prison Term for $3.65B Ponzi Scheme

Minnesota businessman Tom Petters got 50 years in prison for a $3.65 billion Ponzi scheme when he was sentenced Thursday, a life term for the 52-year-old. Petters,  must serve 41 years before he is eligible for...

Bernie Madoff Beaten In Prison: Inmates Confirm

Inmates Confirm Allegations Of Madoff Beating Bernie Madoff's former inmates are confirming reports alleging that the disgraced financial mogul was beaten by another inmate in his prison in Butner, N.C on December...

Enrique F. Villalba, Ponzi Scheme, Another Bernie Madoff?

Enrique F. Villalba from Cuyahoga Falls is being investigated today for running what could be his own ponzi scheme and locals are calling him a minature Bernie Madoff. He is accused of obtaining funds of more than $18 million from his friends and clients. The FBI is...

Richard Piccoli Sentenced to 20 Years for $20M Ponzi Scheme

Richard Piccoli was sentenced to 20 years in prison for a Ponzi scheme of more than 20 million dollars. Richard Piccoli, at age 83, is expected to die in jail. He targeted the Catholic community and senior citizens; hundreds of people fell victim. Piccoli took money from his...

Mounties charge man in $100M alleged Ponzi scheme

RCMP have charged one man and are seeking another in a$100M alleged Ponzi scheme in Canada."Authorities say a second suspect believed to be involved in the scheme -- identified as 66-year-old Gary Allen Sorenson -- is currently at large, possibly in Honduras. Milowe Allen...

Mary Wong of Omaha: Ponzi Scheme With NFL Investment

Mary Wong of Omaha has been charged by the federal government for orchestrating a ponzi scheme. Mary Wong of Omaha took prospective investors money and instead of investing in luxury assets, funneled the money to support her other companies and lavish lifestyle. Mary Wong...

Madoff: Cancer Killing Jailed Fraudster, Inmates Claim

Bernie Madoff is dying of cancer, according to fellow inmates at the Federal Correction Complex in Butner, NC. Bernie Madoff, currently serving a 150-year prison sentence in North Carolinafor carrying out the world's largest Ponzi scheme, is supposedly suffering from...

Topps yanks Madoff cards before they hit shelves

This years Topps Allen & Ginter Baseball cards have already hit store shelves, minus the highly anticipated rookie card of fraudster Bernie Madoff. Yeah, that's right!! The modern day Charlies Ponzi,...

Madoff sentenced to 150 years for Ponzi Scheme

Update: 29 June 2009 12:28 PM EDT Madoff is sentenced to 150 years in prison for Wall Street's biggest Ponzi Scheme."Historic swindler Bernard Madoff was sentenced to 150 years in prison [today] for a fraud so...

Financial Crisis Alarm

A final Wake-up Call: One should know that the real problem is more political than financial. The bums in Washington still could be straightened up - if they wanted to. The deficits and the economic downturn can...

‘100 Most Creative People’ List Omits Key Players

Reading Fast Company magazine’s recently-released “100 Most Creative People in Business” list, I noticed some glaring omissions.  Most notable among them are Bernie Madoff and Barack Obama, two...

A new form of capitalism is needed: Geonomics

Yes, we do have economic choices! The following analysis explains them very clearly. I'll mention it again: Phillip J. Anderson's book "The Secret Life of Real Estate - how it moves and why" (amazon.com) is a MUST read, and a wonderfully told story of the foundation of the...

Madoff Accountant David Friehling Arrested

David Friehling, Bernard Madoff's long-term accountant has turned himself in and been arrested and charged with securities fraud. Friehling is the first alleged accomplice to be named in connection with the world's biggest Ponzi scheme.   " Friehling, 49, is not...

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