Topic: Pyramid Schemes

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Election 101: Where the GOP candidates stand on the economy

With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues.
5 great gift book ideas: something for everyone

From art history to the stars of sports, here are five gift books with wide appeal.
GOP debate: Who said it? A quiz.

Many things were said at the Sept. 7 GOP presidential debate at the Reagan Library in Simi Valley, Calif. Can you remember who said what?

All Content

'America's Most Wanted' helps nab Illinois Ponzi fugitives

Nelson and Janet Hallahan were arrested in Arizona after 12 years as fugitives. Known as the 'Mini Madoffs,' they were convicted in Illinois of stealing $1.2 million.
Mets make deal with Madoff trustee

The settlement avoids a civil trial for the club and means they'll have to pay far less than they otherwise might.
N.Y. Mets owners settle with Madoff trustee for $162 million (+video)

The ownership group of Major League Baseball's New York Mets has agreed to a settlement deal with the trustee trying to recoup billions of dollars in the wake of the Bernard Madoff Ponzi scheme.
Election 101: Where the GOP candidates stand on the economy

With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues.
Don't fold on Internet gambling ban

The Obama Justice Department scored the first conviction under a 2006 law that outlaws online gaming, including poker. More convictions may be coming. But monied interests are pushing Congress to scrap the law.
5 great gift book ideas: something for everyone

From art history to the stars of sports, here are five gift books with wide appeal.
Bernie Madoff: son Andrew never suspected his father

Bernie Madoff's son denied ever suspecting his father's business had been a Ponzi scheme in an interview, Monday.
Chapter & Verse
Andrew Madoff: Can he rehabilitate his image?

Andrew Madoff, son of disgraced financier Bernie Madoff, says in an interview on "60 Minutes" that he's "prepared to start over again and build myself back up."
Ruth Madoff: 'What's a Ponzi scheme?'

Ruth Madoff spoke to '60 Minutes' about her husband, Bernard Madoff, who was convicted of one of the biggest financial frauds in history. Ruth Madoff, and son Andrew, said that they didn't know about the $65 billion Ponzi scheme.
Chapter & Verse
Madoff widow writes about life inside Bernie Madoff's family – before and after the scandal

Stephanie Madoff Mack, the first member of the family to speak publicly, writes about the day Bernie Madoff told his family about his Ponzi scheme and how she severed ties with her mother-in-law.
Vox News
Ron Paul is on the 'Daily Show' tonight. Will he say something inflammatory?

In past appearances on the 'Daily Show,' Ron Paul has made comments to Jon Stewart that would have gotten other candidates in trouble. Will he push the boundaries again tonight?
Poker Ponzi scheme: Feds say Full Tilt Poker raided player accounts

Poker Ponzi scheme: The popular Full Tilt Poker website illegally raided player accounts to fund operations and make lavish payments to its owners, Justice Department lawyers said in a revised civil lawsuit filed in New York.
On the Economy
No, social security is not a ponzi scheme

"America is Greece!" and "Social security is a ponzi scheme!" are catchy sayings, but wild exaggeration about the U.S. economy doesn't solve anything.
The Vote
GOP debate: three things we might see at tea party event tonight

The Republican candidates face off in Florida tonight, and the Tea Party Express organizers vow that the debate will focus only on tea party 'core principles.' Will Perry and Paul clash?
Chapter & Verse
Meet the man behind the Ponzi scheme

Who was this Ponzi guy? Author Mitchell Zuckoff explains.
Social Security: Ponzi scheme or political football?

Social Security debate reignited with Rick Perry's critique of Social Security as a Ponzi scheme.
GOP debate: Who said it? A quiz.

Many things were said at the Sept. 7 GOP presidential debate at the Reagan Library in Simi Valley, Calif. Can you remember who said what?
Rick Perry: Smart politics for him to call Social Security a Ponzi scheme?

If Rick Perry wins the GOP presidential nomination, his remarks on Social Security and other issues could haunt him. But right now, his play to the Republican base appears to be spot on.
Madoff settlement: Defrauded investors get $7.2 billion

Madoff settlement, approved by US judge, returns money from an estate that benefited from the Ponzi scheme.
Madoff victims to receive $7.2 billion from Jeffry Picower estate

The $7.2 billion from the estate of philanthropist Jeffry Picower represents the largest forfeiture in US history. So far, $9.8 billion has been collected on behalf of Bernard Madoff victims – nearly half the $20 billion that investors lost.
Bernard Madoff worker struggling to make bail in notorious case

Bernard Madoff case: Lawyers for Annette Bongiorno said the onslaught of negative publicity has discouraged supporters from signing a $5 million bond that would win her release on charges she made millions of dollars by helping Madoff conceal his massive financial swindle.
Guilty plea in $15 million Illinois Ponzi scheme that scammed 300 investors

William Huber pleaded guilty Tuesday to operating a multimillion Ponzi scheme in the latest example of investment advisers bilking their clients.
Ansel Adams Yosemite photo fetches $722K in record-setting auction

Ansel Adams black-and-white mural-sized print of Yosemite National Park nabbed $722,500 in a Polaroid auction that overall brought in more than $12.4 million.
Ex-attorney Scott Rothstein sentenced to 50 years for Ponzi scheme

Disbarred attorney Scott Rothstein was sentenced Wednesday to 50 years in prison for operating a $1.2 billion Ponzi scheme using faked legal settlements.
How Scott Rothstein rode $1.2 billion Ponzi scheme to wealth and power

Scott Rothstein pleaded guilty Wednesday to a $1.2 billion Ponzi scheme that helped support a flamboyant lifestyle and powerful political connections in south Florida.