Ponzi Scheme

Loading results

In the News

powered by Ovast
  • Fla. Jury: Bank Owes $67M To Ponzi Scheme Victims

    boston.com 3 weeks, 3 days ago

    A federal jury decided Wednesday that Toronto-based TD Bank owes an investment group $67 million for its role in a $1.2 billion Ponzi scheme that was operated by a now disbarred attorney, Scott Rothstein.

  • Supply-Side Hero Arthur Laffer Sued For Hyping Ponzi Scheme

    gawker.com 1 month ago

    Arthur Laffer, the right-wing economist who is second only to Reagan in right-wing masturbation fantasies for allegedly proving that lowering taxes increases revenue (it doesn't), has been sued for his alleged involvement in a Ponzi scheme that bilked investors of at least $3.1 million. More ยป

On Twitter

Loading tweets for 'Ponzi Scheme'

Videos

  • Wells Fargo sued in Ponzi scheme

    Wells Fargo sued in Ponzi scheme

  • Midwest City Mother Killed in Murder-for-Hire Scheme

    Midwest City Mother Killed in Murder-for-Hire Scheme

  • Police: Glover A 'Cold Blooded Killer'

    Police: Glover A 'Cold Blooded Killer'

  • News 3 at 5 | THURSDAY | 02/09/2012

    News 3 at 5 | THURSDAY | 02/09/2012

  • Robert Ciresi Trial

    Robert Ciresi Trial

  • Former PBC clerk facing new charges

    Former PBC clerk facing new charges

  • Morning Chit Chat: Alexis & Red Wings Reunions

    Morning Chit Chat: Alexis & Red Wings Reunions

  • Check Fraud Scheme Starts With Mailbox Thefts

    Check Fraud Scheme Starts With Mailbox Thefts

Additional Info

via Wikipedia
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.
Loading More Stories