Tags » Bernie Madoff

Scam of the day - April 14, 2018 - Madoff Victims to Receive Additional Compensation Payments

In the nine and a half years since Ponzi scammer Bernie Madoff was exposed as having swindled unsuspecting investors out of approximately 17 billion dollars, Irving Picard, the court appointed trustee charged with recapturing funds from people who profited from Madoff’s scheme in order to return money to cheated investors has managed to get back more than 11 billion dollars, much of which has already been returned to the victims of the scam.   362 more words

The Bernie Madoff Victim Fund Will Soon Disburse $504 Million To Recipients Worldwide

It’s been several years since fraudster Bernie Madoff’s Ponzi scheme collapsed, but some a fresh round of relief is coming to those he conned. According to the Justice Department, … 231 more words


Scam of the day - April 2, 2018 - Grand Jury Indicts Financial Planner and Church Pastor

Recently Louisiana financial planner, Gregory Alan Smith and Houston church pastor Kirbyion H. Caldwell were indicted on multiple accounts related to a purported investment scam in which the two are alleged to have worked together to convince unwary investors to pour more than a million dollars into investments in worthless bonds issued by the Republic of China, which was the Chinese government prior to the communist revolution that overthrew the government in 1949. 445 more words

Scam of the day - March 17, 2018 - Theranos Founder Charged with Massive Fraud

Elizabeth Holmes was a definite whiz kid. She dropped out of Stanford University at the age of nineteen and founded Theranos, a company that was represented to the public as a company that would revolutionize blood analysis. 457 more words

The short history of a scam

Company Man, one of the most consistently entertaining and informative YouTube channels, explains the Bernie Madoff Ponzi scheme in eleven minutes.

February 28, 2018


WSJ – Chinese Regulator Seizes Anbang Insurance, Owner of Waldorf Astoria – James T. Areddy 2/23

  • “China’s insurance regulatory agency Friday took control of hard-charging, acquisitive Anbang Insurance Group Co., saying the action is needed to avoid a collapse of the firm following suspected illegal activity and the downfall of its once-highflying chairman.”
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