Currently browsing;Ponzi
- Madoff’s Daughter-In-Laws will Pay the Price for Notorious Ponzi Scheme
There has been new developments regarding the ongoing case of Bernard Madoff. While Madoff is serving a 150 year sentence in prison, his daughter-in-laws will now be paying the price for him and his son’s infamous Ponzi scheme. Just last week, new claims were filed against the Madoff family in an Irving Picard $255 [...] - Allen Stanford’s Back – Slow to Justice R. Allen Stanford’s Trial Slogs On
Our good friend R. Allen Stanford is back in the news. His trial for the $7 billion dollar fraud he allegedly perpetrated. To refresh memories regarding Mr. Stanford’s alleged crimes and his passion for cricket see the previous post here and here – and some good lessons on operational due diligence. The first day of [...] - JP Morgan Chase, Madoff’s Surrogate Fathers and Ruth Turned Away
Details are still emerging regarding JPMorgan Chase’s alleged knowledge of the Madoff fraud. Here is a video about the investigation: It is being reported that the latest avenue being pursued by Madoff trustee Irving Picard is that one of the many operational due diligence red flags which should have alerted JP Morgan Chase & Co. [...]
Stay updated on our Ponzi via our RSS feed
RSS
- SEC Sues a Utah Hedge Fund Owner for Inflating Assets…
- MIT Professor and Son Agree to Pay $4.8 mill to Settle a Case of Fraud