Madoff Cancer May Explain Why Bernie Has Remained Silent
From the Bernie to the grave
The Bernard Madoff Ponzi scheme was the largest financial fraud scheme perpetuated (allegedly) by one individual in United States history. When Madoff was thrown in prison, some people felt that he had gotten his just desserts and that the punishment fit the crime. While those [...]
Bernie Madoff Sentencing and War Criminals Who Stand Free
He shielded others from prosecution
Sure, Bernie Madoff has been sentenced to the maximum of 150 years in jail. It’s a life sentence, I get it.
Sure, the presiding judge said he “needed to send a message to potential imitators and to victims who demanded harsh punishment.”
But Bernie Madoff did not act [...]
Watch your money – Ponzi’s back in business
Could Bernie Madoff be running a franchise operation?
Here we go again – the same headlines, the same accusations and the same agonized shrieks and violent threats coming from gypped investors. It all sounds so nice and familiar.
Virus Warning
If someone, anyone, whether his name is Ponzi, Madoff, Standford, Tannebaum or anything [...]
AMC Liquidators Sell Ponzi Master Allen Stanford’s Stuff
How much will it help the Ponzi victims?
When Sir Allen Stanford bilked investors out of millions of dollars in the largest known Ponzi scheme this side of Bernie Madoff, the world was outraged that a such a wealthy man felt it was necessary to take advantage of the public trust [...]
Danny Pang Admits to Ponzi Scheme (Pt. 2)
Born a gamblin’ Pang
Now we get to the nitty gritty of Danny Pang‘s Ponzi scheme, mixed in with other shenanigans that could cause honest people to question what they believe. CLICK HERE if you missed the beginning of this mini portrait of a 2009 cheat who has put people in [...]
Danny Pang Goes Ponzi on 2009 (Pt. 1)
We don’t need another Ponzi
Bernard Madoff. Sir Allen Stanford. Now Danny Pang.
The Ponzi scheme has ripped its share of the headlines in recent months. Considering the current state of America’s economy, the timing is most unfortunate. Investors large and small are being taken advantage of by unscrupulous men like these, [...]
Ezra Merkin Charged in Madoff Ponzi Scheme
Merkin says he didn’t know
The New York attorney general has added another name to the list of people charged in connection with Bernie Madoff’s Ponzi scheme. Money manager J. Ezra Merkin was charged today. Merkin says he was stunned to learn of Madoff’s scheme, and Merkin’s attorney has called the [...]
1969 Rybovich Among Seized Madoff Property
Federal authorities take two boats
Bernie Madoff’s antique yacht, a 1969 Rybovich, and a smaller motorboat were seized by federal authorities today as Madoff continued his stay in jail.
The 55-foot 1969 Rybovich is valued at $2.2 million. This marks just the beginning of the authorities’ attempts to recoup assets to pay [...]
David Friehling Accused of Aiding Madoff in Ponzi Scheme
First accomplice named
Bernard Madoff’s accountant, David Friehling, has been arrested in relation to the Ponzi scheme that bilked billions out of clients and landed Madoff in jail.
Friehling, sole proprietor of the Friehling & Horowitz, is being charged with securities fraud. He turned himself in to authorities today.
Unwitting participant
Authorities do not [...]
Obama’s Hiring Woes | Another Top Treasury Pick Withdraws
Third candidate out of the ring
President Obama’s trouble filling his cabinet appears to be far from over. Three candidates for top positions in the United States Treasury have withdrawn from consideration.
Deputy Treasury Secretary pick H.Rodgin Cohen was the most recent to drop out of the process before he was even officially nominated.
Tangled web
There’s no [...]
Madoff Pleads Guilty to $50 Billion Ponzi Scheme
“I am deeply sorry for the scam.”
Bernard Madoff has pled guilty to all 11 charges surrounding a $50 billion ponzi scheme, BBC News reports. The charges include four counts of fraud, three counts of money laundering, making false statements, perjury, making a false filing to the US financial watchdog, and [...]
UPDATE: FBI Finds Stanford | Quick Loan For Bail?
Quick loans won’t get him out once he’s incarcerated
BBC News reports that FBI agents in Virginia have located and served Sir Allen Stanford with civil papers, a quick loan courtesy of the SEC. They would like to see him pay it back with other people’s money… and jail time.
Stanford has [...]
No Payday Loan or Bail for You, Mr. Madoff
Ponzi scheme mastermind Bernard Madoff won’t be able to get out of a jail with a payday loan if U.S. prosecutors have their way. For those who think that a payday loan is cheating consumers, try Mr. Madoff on for size. The loan product is a useful tool that the [...]
Madoff Reveals Assets | Avoid Ponzis, Use Payday Loans
Lost Assets
Payday loans are a much safer way to fill a budget hole during a crisis. Investing in a fund that promises a quick rate of return and seems too good to be true often is exactly that.
As many unfortunate souls discovered during the recent Bernard Madoff Ponzi scheme controversy, [...]
Ponzi Scheme Creates Need For Payday Loans
No Deception Here
There’s nothing secretive or deceptive about payday loans. Terms are listed up front, employees will explain them to customers and the repayment schedule – particularly with the installment loans variation – is flexible.
However, recent developments in the financial headlines have shown that many people – famous people, sophisticated [...]
Advertising Network
Loan Modification
Free E-Book
Free eBook
Terms of Use Privacy Policy Contact Us
Copyright © 2009 by Personal Money Store "Article republication is authorized as long as all content links are unaltered".
