Its Namesake, Carl Ponzi Named after Carl Ponzi, who collected $9.8 million from 10,550 people ( including ¾ of the Boston Police Force ) and then paid out $7.8 million in just 8 months in 1920 Bosto

Madoff Exposes Double Standard for Ponzi Schemes: Jonathan Weil Commentary by Jonathan Weil Dec. 18 (Bloomberg) -- Bernard Madoff’s amazing Ponzi scheme has put him in a league of his own, fo

Dec. 26 (Bloomberg) -- Post-Communist capitalism was a rough business in places like Russia and Albania in the early 1990s, a Wild East where fraudsters and scam artists danced circles around the poor

Ponzi Suspect Is 82 By THE ASSOCIATED PRESS Published: January 8, 2009 BUFFALO (AP) — An 82-year-old businessman was charged on Thursday with running a Ponzi scheme that took in at least $17

By CATHERINE RAMPELL Published: December 20, 2008 So, what’s the exit strategy? 'Ponzi's Scheme,' by Mitchell Zuckoff: His Last Name Is Scheme (April 10, 2005) Mathematically speaking, Ponzi

Ponzi-Mania: How To Spot The Lying Scum Thomas C. Scott, 03.06.09, 12:00 PM EST Losing money with a conman is both infuriating and totally avoidable. In my 25 years as a financial adviser I've

SEC Halts $23 Million Ponzi Scheme Targeting Haitians (Update2) By David Scheer Dec. 30 (Bloomberg) -- The U.S. Securities and Exchange Commission, under congressional scrutiny for failing to

Stamford man creates anti-Ponzi scheme software By Michael C. Juliano STAFF WRITER Posted: 02/11/2009 09:58:41 PM EST A Stamford estate planner and non-lawyer has come up with a software module

By Rachel Feintzeig Have you lost thousands at the hands of a Ponzi scheme? Did you cozy up to Bernie Madoff, Tom Petters or Nicholas Cosmo, only to get burned in the end? Are your mother and thera

In a Ponzi scheme, potential investors are wooed with promises of unusually large returns, usually attributed to the investment manager’s savvy, skill or some other secret sauce. The returns are re

A Ponzi scheme is a fraudulent investment operation that pays returns to investors out of the money paid by subsequent investors rather than from profit. The term, "Ponzi scheme," is used primarily in

Zuluaga Offered to Quit Over Pyramid Crisis, Portafolio Says By Helen Murphy Nov. 27 (Bloomberg) -- Colombia Finance Minister Oscar Ivan Zuluaga offered to resign his post more than a week ag