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While Bernard Madoff’s scheme was more grand in scale, Stanford’s multi-billion dollar scheme seems to be getting strange…
In 2003, R. Allen Stanford and the chief supervisor at the bank in Antigua made a blood oath in a strange “brotherhood ceremony.” Stanford’s chief financial officer, James …

Bernard Madoff got exactly what he deserved when the judge in his case sentenced him to 150 years maximum today.
However, some will also say that he was the fall guy for a scheme that included his closest associated and family. Ruth Madoff, Bernard’s wife, will …

Some feared that the money recovered from Bernard Madoff’s “fortune” would go to the U.S. Treasury, but today it was announced that those jilted investors would be getting the money.
The SEC along with federal prosecutors filed papers separately with a federal judge to ask for …

In the days leading up to Bernie Madoff’s arrest, his wife pulled $15 million out of a brokerage account in Massachusetts.
This is just fuel for the fire right now because he’s already tried to send money and diamonds to people close to him. I’m just …

Named after Charles K. Ponzi, Ponzi schemes have had a very prominent place in the headlines in the last few weeks thanks to the Bernard Madoff scheme. A Ponzi scheme is defined as an investment swindle in which high profits are promised from fictitious sources …