A Brazen Ponzi Scheme

Bloomberg BusinessWeek had a story on September 2 titled “Wayne McLeod:  The Life and Death of a Mini-Madoff.” This Ponzi scheme was particularly brazen as it targeted federal law enforcement personnel. The story is an interesting one.  I would slightly disagree with one statement in the article, “As primitive as they are, Ponzi schemes are … Read more A Brazen Ponzi Scheme

Another Ponzi Scheme

I have been intermittently commenting upon the growing number of investment frauds being uncovered.   Those posts can be found under the “investment frauds” tag. Here is yet another alleged Ponzi scheme as seen in Thursday’s Wall Street Journal article titled “SEC Charges Couple in Florida Ponzi Scheme.” As seen in the article, this alleged scheme … Read more Another Ponzi Scheme

Ponzi Schemes

Occasionally I have written about investment frauds.  My last post on this topic was on November 27 and is found here: https://www.economicgreenfield.com/2009/11/27/investment-frauds/ Here is a story from December 28 titled “Ponzi collapses nearly quadrupled in ’09”: http://finance.yahoo.com/news/AP-Ponzi-collapses-nearly-apf-898755198.html?x=0&sec=topStories&pos=4&asset=&ccode While I find this article’s statistics to be of interest, I do not necessarily agree with some of its … Read more Ponzi Schemes

The Madoff Fraud – Are There More?

Here is the latest update on the Madoff sentencing from CNBC: http://www.cnbc.com/id/31610169 A few months ago, I wrote an article titled “Crime During Economic Stress,” that is listed under the “Individuals” section (about halfway down the page) here: https://www.economicgreenfield.com/prosperitybypencom-directory/ One of the questions that I have is whether there are more frauds in existence that haven’t yet … Read more The Madoff Fraud – Are There More?