Nicholas Cosmo charged in New York Ponzi scheme

A new alleged investor fraud case has emerged in the US with the arrest of Nicholas Cosmo, the owner of a New York investment firm.Cosmo, founder of Agape World Inc, has been charged with defrauding 1,500 investors of more than $370 million, telling them it would be used to...

Madoff-ed Alexandra Penney is now blogging and it is Really Awful

For those of you who don't know the story, one of the people who was allegedly defrauded by Madoff's giant 50 billion dollar ponzi scheme, is now writing a blog about it.  It's called the 'bag lady papers'...

Hellishly Hot Sauce Dedicated to Bernard Madoff

New York - Alex Gardega has concocted a fitting tribute to disgraced mogul Bernie Madoff:  a fiery habanero sauce that'll definitely burn.  The text on the bottle reads:  "You can take the money but...

What is a Ponzi scheme

This explains it well: http://www.dillonthompson.com/dtig/ponzi.html

Suckerpunch Madoffian Sales Pitch Revealed

Time magazine gives space to a generously confessional Robert Chew who ruminates about his time since 6 PM December 11 2008 when his wife Sarah learned on the phone that they were wiped out by Bernard 'Ponzi2' Madoff. Mr. Chew put it to the Denver Post: "financial murder"."We...

Madoff Scandal Hits Jewish Philanthropy

The collapse of Bernard Madoff's investment group is being called "the atomic bomb in the world of Jewish Philanthropy."  Since Madoff's arrest a number of Jewish charities have suffered hundreds of millions of dollars, according to a December 18 article in the Jewish...

Madoff Fallout Victims Include Pensions and Charities

The Wall Street Journal has published a comprehensive list of banks, companies, non-profit organizations and individuals that are facing losses in a scheme that's rocking the financial world." The fallout from Bernard Madoff's alleged Ponzi scheme reverberated around the...

Is Big Three Bailout Plan Another ‘Ponzi’ Scheme?

It’s understandable if some Americans find themselves confused as they try to understand the financial headlines making news this morning: An enormous “Ponzi” scheme, allegedly perpetrated by a long-trusted...

The Real Debate: Crony Socialism or Economic Sovereignty?

Ellen Brown, author of "Web of Debt" about the monetary system, comments here on the Wall Street Bailout, the economy and the monetary, and presents options for making it work for the public interest, instead of only for crony capitalist corporate socialist bankers....

Dennis Kucinich's Recovery Plan

Once again, Dennis Kucinich presents a clear analysis along with rational suggestions for real solutions. ..and 'borrowing' trillions of dollars from Social Security is not a solution!EXCERPT: "The same corporate interests that profited from the closing of U.S. factories, the...

Canadian Ponzi Scheme Funds Republicans

"While the headline for this story emphasized the fact that there was some spurious connections with terrorism the real story is that a Christian Businessman from Canada and his American partner bilked Christian investors in a ponzi scheme that helped finance the Bush Regime."

Income Trust Fraud

"Dianne Urquhart speaking before the Commons Finance Committee investigating Income Trusts on Tuesday, January 30, 2007,in answer to a question from NDP member Judy Wasylycia-Leis said that indeed according to both Canadian Securities law as well as American securities law...

Income Trust Blowback

"Begins today. I guess these folks won't be voting for Harpers Conservatives. Meanwhile Financial Post (the Financial Post!!!) exposes the self interested business lobby that is pro Income Trusts; the Canadian Association of Income Trust Investors (CAITI) pointing out...

Hedge Funds, Junk Bonds, Ponzi Schemes

"" The job of the private-equity investor is -- again, speaking loosely -- to exploit the idiocy of the ordinary investor, and the corporate executives and mutual-fund managers who purport to serve him.""

How Bush Rigged the Ohio Election -- The Noe Factor

Some Ohio people heading for the slammer.

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