Tag: Ponzi Scheme
Bernie Madoff, Disgraced Ponzi Schemer, Dies at 82
Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82.
St. James Man Pleads Guilty in $17M Ponzi Scheme
A 62-year-old investment fund manager pleaded guilty at federal court in Central Islip on Monday to securities fraud after operating a nine-year Ponzi scheme...
2nd Guilty Plea in Historic $96M Long Island Ponzi Scheme
Prosecutors said two men orchestrated "one of the largest Ponzi schemes in Long Island history."