News tagged with “ponzi scheme”. Found:
215 tagged news reports.
Your Search Returned 215 tagged news reports
Madoff accountant pleads guilty to fraud
Manhattan :: KS :: USA | 5 days ago
Credibility
David Friehling, 49, had to appear in a Manhattan federal court on Tuesday. He is the third person to plead guilty in the multi-billion dollar fraud. The accountant, who served as Madoff's outside auditor since 1991, confessed to US District Judge Alvin...
Tags: Bernard Madoff, pleading guilty, Bernard L. Madoff, auditor pleading, David Friehling, U.S, ponzi scheme, securities fraud, Colma, federal court
Madoff's longtime auditor pleads guilty
Manhattan :: KS :: USA | 6 days ago
Credibility Disgraced money manager Bernard Madoff's longtime auditor pleaded guilty to securities fraud and other charges Tuesday in a cooperation deal that could leave him behind bars for years. The government said David Friehling, whose plea was accepted in federal...
Tags: pleading guilty, Bernard Madoff, Mr. Madoff, Mr Madoff, ponzi scheme, Ponzi, David Friehling, account pleading, madoff account, Manhattan
Petters investor money went toward bonuses, Coleman testifies
Saint Paul :: Canada | 6 days ago
Credibility Deanna Coleman, the executive who blew the whistle on her boss, Wayzata businessman Tom Petters, described this morning how millions of dollars investors' money was funneled from Petters Co...Coleman, who served as vice president of operations at Petters...
Tags: Deanna Coleman, Tom Petters, businessman tom, ponzi scheme, star witnesses, billion ponzi, Minnesota, Ponzi, minnesota businessman, businessman accused
Madoff: SEC could have had him earlier
New City :: NY :: USA | 8 days ago
Credibility Jailed former financier Bernard Madoff says lack of basic investigatory moves by the U.S. Securities Exchange Commission allowed his Ponzi scheme to flourish. In a jailhouse interview given by Madoff to the SEC and released Friday, the disgraced financier...
Tags: Bernard Madoff, Fraudster Madoff, SEC, Ponzi, ponzi scheme
Ex-Madoff accountant to plead guilty next week
New York City :: NY :: USA | 9 days ago
Credibility Epic fraudster Bernard Madoff's former outside accountant will plead guilty to criminal charges for his role in the multibillion-dollar Madoff fraud, U.S. prosecutors said on Friday. "The government anticipates that, at the pretrial conference scheduled...
Tags: Bernard Madoff, SEC, ponzi scheme, Ponzi, Securities and Exchange Commission, inspector general, sec inspector, apparently convinced, Canada, documents released
Illinois man indicted in Ponzi scheme
Chicago :: IL :: USA | 10 days ago
Credibility A Chicago-area man faces federal fraud charges for allegedly bilking investors of $28 million in an alleged Ponzi scheme, the U.S...Matthew Scott, 50, Elmerhurst, Ill., was charged with luring at least 60 victims to invest in a business he falsely represented,...
Tags: ponzi scheme
Receiver sets $1.5B target for Stanford recovery
Dallas :: TX :: USA | 10 days ago
Credibility The lawyer tracking down money lost in what authorities say was an extensive Ponzi scheme run by R. Allen Stanford says he hopes to gain control of more than $1.5 billion that would be then returned to burned investors. Court-appointed receiver Ralph...
Tags: Stanford Ponzi, R. Allen Stanford, appointed receiver, federal court, gain control, receiver ralph, janvey filed, ponzi scheme, Ralph Janvey, stanford investors
U.S. says Petters faked checks, orders in Ponzi scheme
Saint Paul :: Canada | 11 days ago
Credibility Tom Petters concocted fake checks and purchase orders as part of a Ponzi scheme to deceive retailers into believing that he was transacting more business with them than he actually was, the U.S. government said at his trial on Thursday. With Petters...
Tags: Ponzi, ponzi scheme, Tom Petters, Petters Co., businessman tom, GE Capital, fraud trial
Madoff victims get $534 million in approved payments
Jacksonville :: FL :: USA | 11 days ago
Credibility Victims of Bernard Madoff's epic fraud scheme have been approved for $534.25 million of payments, the trustee trying to recover the imprisoned swindler's assets said. The sum is roughly one-eighth of the $4.44 billion of allowed claims that the court-appointed...
Tags: Bernard Madoff, Mr. Madoff, Bernard L. Madoff, Irving Picard, madoff victim, Ponzi, ponzi scheme, disgraced financier, appointed trustee
Elderly man pulled from bottom of swimming pool at Picower residence
Palm Beach :: FL :: USA | 14 days ago
Credibility The man, described by rescue workers as "elderly" was not immediately identified and was taken to Good Samaritan Medical Center in Palm Beach after he was found not to be breathing or to have a pulse. Picower, a controversial millionaire linked to Bernard...
Tags: Bernard Madoff, Madoff Associate Picower Dies, Mr. Madoff, Palm Beach County, Bernie Madoff, Palm Beach Police Department, Bernard L. Madoff, Jeffry Picower, swimming pool, ponzi scheme
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