Ponzi scheme

 
Small-town magician siphons $600m through ponzi scheme
Small-town magician siphons $600m through ponzi scheme
Of the people scammed nearly 50 000 were from his home state of North Carolina. Many were recruited by friends and family in Lexington, a once-thriving furniture and textile town where neighbours look out for each other....
US fraudster Madoff says sentence too harsh
US fraudster Madoff says sentence too harsh
Bernard Madoff, sentenced to 150 years in jail for the biggest financial scam in United States history, on Tuesday said the judge in his case had...
Krion accused convicted
Krion accused convicted
Krion matriarch Marietjie Prinsloo was today found guilty on over 122 000 charges, including racketeering, money laundering and fraud.
Cops probe alleged pyramid scheme
Cops probe alleged pyramid scheme
The police have conducted search-and-seizure raids on the suspected masterminds minds behind an alleged pyramid scheme operating out of the Western...
'Enormous' Ponzi scare
'Enormous' Ponzi scare
Hundreds of millions of rands have disappeared in an apparent Ponzi scheme believed to have operated in the Western Cape, Gauteng and KwaZulu-Natal....
Bernard Madoff's fall from grace
Bernard Madoff's fall from grace
The master fraudster may be behind bars. But victims of Bernard Madoff's $65-billion (£39,5-billion) Ponzi scheme are becoming increasingly...
Madoff sentenced to 150 years in prison
Madoff sentenced to 150 years in prison
Disgraced financier Bernard Madoff was sentenced to 150 years in prison on Monday for perpetrating Wall Street's biggest and most brazen investment...
Ruth Madoff forfeits asset claims, left with $2,5m
Ruth Madoff forfeits asset claims, left with $2,5m
Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with $2,5-million and have to...
Master swindler Madoff to be sentenced on Monday
Master swindler Madoff to be sentenced on Monday
Thousands of people who lost their life savings in a multibillion-dollar scam will discover on Monday the fate of Wall Street swindler Bernard...
Ponzi mess taints all players
Ponzi mess taints all players
In monster fraud scandals, such as the one allegedly involving Barry Tannenbaum, fingers normally point in one direction, that of the suspect.
Court appoints trustees for Tannenbaum's estate
Court appoints trustees for Tannenbaum's estate
Trustees have been appointed for South African assets seized from Ponzi scheme fraud suspect Barry Tannenbaum.
UK businessmen caught in SA Ponzi scheme
UK businessmen caught in SA Ponzi scheme
United Kingdom-based businessmen are among the victims of South Africa's largest Ponzi scheme, allegedly operated by Barry Tannenbaum, the...

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