The Ponzi scheme leader worked with at least two other people whom he paid a commission for every investor they attracted as well as dinners and hotel stays, according to court filings.

Kevin Bacon discussed losing money in former financier Bernie Madoff's Ponzi scheme. Bacon told Esquire that he and his wife, Kyra Sedgwick, were "certainly angry" over the ordeal. The FBI called ...

It is a prime example of the social contract that the ... Social Security, unlike a Ponzi scheme, is transparent and compulsory for every American worker. Each pays into the system, and as a ...

In a Ponzi scheme, investors, unwittingly, are paid from new investors, since the initial investors’ money was stolen. When there are no more new investors, withdrawals cease, and investors lose ...

The “Footloose” star said in a new interview that despite losing a fortune in Bernie Madoff’s infamous Ponzi scheme more than a decade ago, he now focuses on the blessings he still has in ...

PROVIDENCE – A Rhode Island mortgage broker who fleeced investors and the US government out of approximately $4.5 million, ...

Comparing public spending to a Ponzi scheme has been a persistent strand of conservative ... which he saw as far more dangerous than the examples of ridiculous one-off spending he had flagged because ...

Weinstein had pleaded guilty to a Ponzi scheme in January 2013 and was sentenced to 22 years. In 2014, he got another two years for his role in a separate fraud involving the initial public ...

The Securities and Exchange Commission, SEC, has warned that promoters and operators of any Ponzi Scheme in the country risk a penalty of not less than N20 million or imprisonment to a term of 10 ...

The Securities and Exchange Commission, SEC, has warned that promoters and operators of any Ponzi Scheme in the country risk a penalty of not less than N20 million or imprisonment to a term of 10 ...