by Steven Weisman, Esq. | May 16, 2014 | Scam of the day, Site Related
Richard Breeden, the special master administering the claims of the victims of convicted Ponzi schemer Bernie Madoff who stole 50 billion dollars from his victims has recently indicated that the number of claimants has risen to 51,700 seeking redress from the 4...
by Steven Weisman, Esq. | Apr 27, 2014 | Scam of the day, Site Related
Last Friday, Stephen Walsh, a former minority owner of the New York Islanders NHL team pleaded guilty to securities fraud and operating a Ponzi scheme, which he had done along with his already convicted partner, Paul Greenwood during the years between 1996 and 2010. ...
by Steven Weisman, Esq. | Mar 3, 2014 | Scam of the day, Site Related
Happy birthday to Charles Ponzi, the man credited with being the first to exploit the simple scam that has come to be known as a Ponzi scheme. Ponzi was born in 1882 which means had he not died in 1949, he would have been 132 years old today. To put this in...
by Steven Weisman, Esq. | Jan 18, 2014 | Scam of the day, Site Related
Convicted Ponzi schemer Bernie Madoff who stole 50 billion dollars from unsuspecting victims may be the last person from whom you would accept investing advice, but in fact, his advice, as contained in a recent jailhouse interview Madoff gave to the Wall Street...
by Steven Weisman, Esq. | Sep 24, 2012 | Scam of the day, Site Related
Bernie Madoff, the foremost Ponzi schemer in history is now serving the third year of his 150 year sentence in a federal prison in North Carolina. His victims, many of whom lost their entire life savings have continued to feel the pain of his criminal acts However,...
