Charles Ponzi devised a scheme now named after him.Although it is invoked to describe a variety of brazen, gargantuan rip-offs, it really applies only to swindles of a certain kind, longer than a one-shot deal but inherently limited in duration, in which people are promised windfall profits from can't-miss investments -- to be paid, when they are paid at all, only out of money collected from subsequent dopes and dupes.
Brief History of Ponzi SchemesA Brief History Of
Ponzi Schemes
By Alex Altman Monday, Dec. 15, 2008
The $50 billion Ponzi scheme allegedly masterminded by former Nasdaq chairman Bernard Madoff punctuated a miserable year for Wa
http://www.time.com/time/business/article/0,8599,1...
CFTC commissioner fears "Ponzimonium"CFTC commissioner fears "Ponzimonium"
23rd March 2009 15:13
An official with the US Commodities and Futures Trading Commission (CFTC) has said the body is facing "rampant Ponzimonium" in the
http://www.londonstockexchange.com/en-gb/pricesnew...
Crackdown on Wall Street: The Perp Walks Are ComingCrackdown on Wall Street: The Perp Walks Are Coming
By Elizabeth MacDonald
First of a series on the Crackdown on Wall Street
With the economy in a national nervous breakdown, with global losses m
http://emac.blogs.foxbusiness.com/2009/02/02/crack...
Madoff Witness Talks of Other Possible Ponzi SchemesMadoff Witness Talks of Other Possible Ponzi Schemes
FEBRUARY 4, 2009, 3:20 PM
The private fraud investigator who tried for years to ignite a federal investigation of Bernard L. Madoff told lawm
http://dealbook.blogs.nytimes.com/2009/02/04/madof...
