ponzi scheme

Indian man faces deportation from Britain


March 9th, 2012 - 10:30 pm ICT by IANS
London, March 9 (IANS) An Indian in Britain is faced with deportation after being jailed for over 14 years for running Britain's biggest fraudulent scheme.The 41-year-old Kautilya Pruthi, who ran ... Read more...

Posted in World |

Robert de Niro to star as Bernie Madoff in a new movie


November 8th, 2011 - 10:49 pm ICT by Aishwarya Bhatt
Los Angeles, Nov 8 (THAINDIAN NEWS) Hollywood legend Robert de Niro will play the role of Bernie Madoff in a new HBO movie. The studio confirmed on Monday that they are making ... Read more...

Posted in Entertainment |

Republican presidential candidates spar over everything


September 8th, 2011 - 12:03 pm ICT by IANS
Washington, Sep 8 (IANS) The two Republican frontrunners, Mitt Romney and Rick Perry, launched their fight for the party presidential nomination clashing over job creation to health care to ... Read more...

Posted in World |

PTA moms Ponzi scheme nets $14 million


July 7th, 2011 - 7:49 pm ICT by Aishwarya Bhatt
Los Angeles, July 7 (THAINDIAN NEWS) The Los Angeles County district attorney's office has charged three PTA mothers for running a Ponzi scheme and eventually duping about 40 people out of a ... Read more...

Posted in World News |

Tobey Maguire sued for illegal poker game


June 23rd, 2011 - 8:57 pm ICT by Aishwarya Bhatt
Los Angeles, June 23 (THAINDIAN NEWS) Tobey Maguire and other celebrities have been sued for taking part in an illegal poker game in Beverly Hills. The suit claims that the players including ... Read more...

Posted in Entertainment |

Kevin Bacon talks about losing money in the Ponzi scheme


June 1st, 2011 - 11:49 pm ICT by Aishwarya Bhatt
New York, June 1 (THAINDIAN NEWS) Kevin Bacon was one of the stars who lost quite a fortune to the Ponzi scheme of Bernie Madoff but he has recovered from that setback ... Read more...

Posted in Entertainment |

Cricket tycoon Stanford files 7.2 billion dollar lawsuit against US prosecutors, SEC


February 19th, 2011 - 12:33 pm ICT by ANI
Houston, Feb 19(ANI): Texas billionaire and cricket tycoon R. Allen Stanford, accused of fleecing investors out of seven billion dollars in a pyramid Ponzi scheme, has filed a counter lawsuit against U.S. ... Read more...

Posted in Sports |

Bernard Madoff says that banks knew about his Ponzi scheme


February 17th, 2011 - 12:50 am ICT by Aishwarya Bhatt
New York, Feb 16 (THAINDIAN NEWS) Bernard Madoff caused a stir of sorts with his first jailhouse interview since getting imprisoned after being found guilty in the Ponzi scheme. He ... Read more...

Posted in Business |

Banks, hedge funds were somehow “complicit” in massive Ponzi scheme, says Madoff


February 16th, 2011 - 6:17 pm ICT by ANI
New York, Feb 16 (ANI): Bernard L. Madoff, the man who is serving a 150-year sentence over defrauding people of billions of dollars while operating a vast Ponzi scheme that began at ... Read more...

Posted in World |

Martin Luther King’s son planning to buy a stake in New York Mets


January 31st, 2011 - 8:52 pm ICT by Aishwarya Bhatt
New York, Jan 31 (THAINDIAN NEWS) Martin Luther King’s son, Martin Luther King III, is reportedly interested in having a stake in the New York Mets.The New York Post reported that King ... Read more...

Posted in Sports |

Martin Luther King Jr.’s son eyeing buying piece of New York Mets


January 31st, 2011 - 6:14 pm ICT by ANI
New York, Jan 31(ANI): Late American civil rights activist Martin Luther King Jr.'s son is reportedly interested in buying piece of the New York Mets baseball team.The Mets owner Fred Wilpon had ... Read more...

Posted in World |

Bernard Madoff’s Beneficiary Jeffry M. Picower’s Estate To Return $7.2 Billion


December 18th, 2010 - 7:58 pm ICT by GD
By Gina Gomez Dec 18, (THAINDIAN NEWS) Jeffry M. Picower's widow has recently announced that she would give back an estimated $7.2 billion that her husband received from Bernard Madoff's Ponzi Scheme. Media ... Read more...

Posted in World |

Widow gives $7.2bn back to Madoff victims in largest forfeiture in US history


December 18th, 2010 - 1:56 pm ICT by ANI
London, Dec 18 (ANI): Bernie Madoff's widow is paying back more than 7.2 billion dollars of the missing money to the victims of the Wall Street swindler, it has emerged.The settlement is ... Read more...

Posted in World |

Bernie Madoff Will Have Private Service for Son


December 15th, 2010 - 1:23 am ICT by Angela Kaye Mason
Dec 14 (THAINDIAN NEWS) Bernie Madoff, the imprisoned financier whose son was found dead, hanging from a dog leash in his apartment on Saturday will not attempt to attend his son’s ... Read more...

Posted in World News |

Incarcerated Madoff will not attend son’s funeral, says lawyer


December 14th, 2010 - 2:49 pm ICT by ANI
New York, Dec 14 (ANI): Ponzi king Bernie Madoff will not attend his son Mark's funeral.Instead Bernie, who is serving a 150-year prison sentence at a federal prison in North Carolina, will ... Read more...

Posted in World |

Bernie Madoff Might Be Barred From Attending Son’s Funeral


December 13th, 2010 - 8:40 pm ICT by GD
By Madhuri Dey Dec 13, (THAINDIAN NEWS) Mark Madoff finally had to pay the price for what his father did. The price was indeed too high, as the 46-year-old lost his life out ... Read more...

Posted in World |

Bernard Madoff’s Son Mark Madoff Found Dead In His Apartment


December 12th, 2010 - 4:35 pm ICT by GD
By Gina Gomez Dec 12, (THAINDIAN NEWS) Mark Madoff, Bernard Madoff's son was found hanging on Saturday in his lavish SoHo apartment from ceiling pipe as his two-year-old son Nicholas slept in the ... Read more...

Posted in World News |

Ponzi King Madoff’s son found dead in New York apartment


December 12th, 2010 - 2:13 pm ICT by ANI
New York, Dec. 12 (ANI): The eldest son of disgraced American financier Bernard Madoff was found dead in his New York apartment on Saturday.According to the Boston Herald and ABC News, ... Read more...

Posted in World |

Bernard Madoff’s son, Mark, found dead on second anniversary of father’s arrest


December 11th, 2010 - 9:50 pm ICT by BNO News
NEW YORK CITY (BNO NEWS) -- Mark Madoff, the son of disgraced financier Bernard Madoff, was found dead in his New York City home on Saturday morning, police said. It ... Read more...

Posted in World News |

Bernie Madoff Accomplice Sonja Kohn Outed


December 11th, 2010 - 8:50 pm ICT by GD
By Meena Kar Dec 11, (THAINDIAN NEWS) Sonja Kohn was outed yesterday after being slapped with a $19.6 billion lawsuit by a New York lawyer. Considered to be the criminal soul mate of ... Read more...

Posted in Business |

Trustee charges HSBC with funnelling disgraced Ponzi King Madoff’s massive fraud


December 6th, 2010 - 1:24 pm ICT by ANI
New York, Dec.6 (ANI): The court-appointed New York-based trustee trying to recover losses for victims of jailed Ponzi King Bernard Madoff has accused the Hong Kong and Shanghai Banking Corporation (HSBC) ... Read more...

Posted in World |

Two former employees of Bernard Madoff arrested


November 19th, 2010 - 1:11 am ICT by BNO News
NEW YORK (BNO NEWS) -- Two former employees of Bernard Madoff were arrested on Thursday for their participation in Madoff's fraud scheme, the largest financial fraud in history, prosecutors said.Annette Bongiorno, 62, ... Read more...

Posted in Business |

Bernie Madoff Auction Fetches $2 Million


November 15th, 2010 - 9:38 pm ICT by Pen Men At Work
November 15, 2010 (Pen Men at Work): An auction based on Bernard Madoff’s fraud fetched over $2 million as the people went on a souvenir hunting spree. His canopy bed, clothing, ... Read more...

Posted in World News |

Bernie Madoff’s Spoils Auctioned For A Whopping $2 Million


November 15th, 2010 - 6:58 pm ICT by GD
By Meena Kar Nov 15, (THAINDIAN NEWS) The auction of Bernie Madoff's spoils recovered from his penthouses in New York and Long Island has fetched a whopping $2 million. Though the amount looks ... Read more...

Posted in Business |

Bernie Madoff’s Boxers Anyone?


November 12th, 2010 - 7:27 pm ICT by GD
By Meena Kar Nov 12, (THAINDIAN NEWS) This Saturday the victims of ponzi schemer Bernie Madoff will get some relief from the proceeds of the auctioning off of all his stuff found at ... Read more...

Posted in Business |

John Elway wants his money back that he had invested in an alleged Ponzi scheme


October 15th, 2010 - 8:26 pm ICT by Aishwarya Bhatt
Denver, Oct 15 (THAINDIAN NEWS) John Elway, the former Denver footballer and his partner wants to jump the queue and have their money back from the alleged Ponzi schemer Sean Mueller.The duo ... Read more...

Posted in World News |

Alleged Gangster Connected To The ‘Ponzi’ Scheme Of Southern Florida Accepts Guiltiness


August 26th, 2010 - 3:07 pm ICT by Sampurn Wire
Washington, August 26, 2010 (Just Flashed): An alleged Italian gangster named Roberto Settineri had been connected to a gigantic Ponzi scheme of southern Florida. He has now accepted his culpability for the ... Read more...

Posted in World |

Madoff Claims To Have Secret $9 Billion Stash


June 21st, 2010 - 11:56 pm ICT by Angela Kaye Mason
June 21 (THAINDIAN NEWS) Prison-mates of Bernie Madoff have reportedly been privy to the Ponzi schemer’s secret stash stories, in which he claims to have sent $9 billion to three undisclosed ... Read more...

Posted in Business |

“60 Minutes” Showcases Ponzi Scheme Liquidator Bernie Madoff


June 21st, 2010 - 10:41 pm ICT by GD
By Gina Gomez June 21, (THAINDIAN NEWS) CBS's investigative news magazine "60 Minutes" looked into the infamous Ponzi scheme with Bernie Madoff as the mastermind in an episode that was aired last night. ... Read more...

Posted in Business |

Wife of alleged Ponzi schemer Kenneth Starr has open pole role


June 12th, 2010 - 5:48 pm ICT by ANI
New York, June 12 (ANI): Diane Passage, wife of alleged Ponzi schemer Kenneth Starr, has nothing to worry about - she can have her pole back at strip club Scores any time ... Read more...

Posted in World |

Scott Rothstein Slapped With 50 Years Imprisonment


June 10th, 2010 - 7:40 pm ICT by GD
By Ranjan Bhaduri Scott Rothstein the lawyer turned convicted Ponzi schemer who pleaded guilty to the charges of fraud slapped against him has been given 50- years of imprisonment by a U.S. ... Read more...

Posted in Business |

Bernie Madoff Says His Victims “Deserved it”


June 8th, 2010 - 1:06 am ICT by Angela Kaye Mason
If facing a 150 year sentence for a crime, when you are 70 years old, one would think there would be regret, and remorse over the events which led a criminal to ... Read more...

Posted in World |

‘60 minutes’ interviews Mini-Madoff Marc Dreier


June 7th, 2010 - 8:26 pm ICT by Aishwarya Bhatt
Marc Dreier would have been the biggest white-collar scammer in history, if Bernie Madoff had not been arrested.Marc Dreierwho is also called mini-Madoff, is alleged to have masterminded a $400 million ... Read more...

Posted in Entertainment |

Mini-Madoff Ponzi Schemer Marc Dreier On 20 Minutes


June 7th, 2010 - 7:58 pm ICT by Pen Men At Work
Marc Dreier’s Ponzi scheme of $400 million was blown out off the front pages by Bernie Madoff, just a few days after he was arrested. Tonight it will be clear ... Read more...

Posted in Business, Entertainment |

Marc Dreier Speaks On Himself And Bernie Madoff On “60 Minutes”


June 7th, 2010 - 7:49 pm ICT by GD
By Madhuri Dey June 7, (THAINDIAN NEWS) Marc Dreier appeared in "60 Minutes" for a television interview, the only one that he attended ever since the Ponzi scheme blew its cover with the ... Read more...

Posted in Business, Entertainment |

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