Tags » Ponzi

Ponzi king's estate bringing in millions - but not enough

Sunday Times
20 July 2014
Nashira Davids

http://www.timeslive.co.za/sundaytimes/

About R20-million could be added next month to the kitty being accumulated to compensate 3000 investors who lost a total of R2.2-billion in Herman Pretorius’s Ponzi scheme. 556 more words

Electronic Media

Bitcoin Has Passed The Tipping Point « Invests.com

Bitcoin Has Passed The Tipping Point

Monday, 21 Jul 2014 07:14 AM

By Dino Londis (Invests.com) – Products and services that are first-to-market often take such a battering that they lose out to competitors with copycat products. 559 more words

Bitcoin

Economics

Pictured below is $20 in pennies, worth more in metal value than the debt-backed $20 bill.

Our economy is upside down.  The way the Federal Reserve System works starts at the bottom line and goes down from there.  150 more words

Politics

$50 Million Forfeiture Deal In Rothstein Case

FORT LAUDERDALE (CBSMiami/AP) – A forfeiture deal was reached Tuesday in the case of the convicted Ponzi schemer Scott Rothstein.

Federal prosecutors reached an agreement with a bankruptcy trustee on how to divide nearly $50 million forfeiture proceeds from Rothstein. 181 more words

News

Head Of Investment Group Charged In Rothstein Ponzi Scheme

FORT LAUDERDALE (CBSMiami/AP) -€ The head of an investment group has been charged fraud for his role in Scott Rothstein’s $1.4 billion Ponzi scheme.

Frank Preve, who was charged Monday with wire fraud conspiracy, ran the Banyon Group which invested in Rothstein’s supposedly confidential legal settlements that turned out to be bogus. 169 more words

News

Economics--The Ponzi Dollar

Like many Boomers, I have a vested interest in current events, the economy, and the political intrigues on the world stage.  It seems we are seeing–for the first time in history–a world so interconnected economically that the individual loses her relevance. 320 more words

Debt

Montreal law firm on its own to defend itself, appeal court rules

A Montreal law firm caught in a tangled web of complicated lawsuits after a former partner allegedly orchestrated a multi-million dollar Ponzi scheme through his lawyer’s trust account lost a key legal battle before the Quebec Court of Appeal in a ruling that underscores the exposure law firms face when dealing with rogue lawyers.

News