In San Pedro, Argentina, 16,000 people, a fifth of the population, signed up for a cryptocurrency exchange where everyone won. Until they didn’t.
Category: Ponzi and Pyramid Schemes
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Victims of Stanford Financial’s Fraud Scheme May Soon Be Paid. Some Already Sold Their Claim.
Not having much insight into what may happen next in the case of a fraud orchestrated by Robert Allen Stanford, many of the victims sold the rights to any future payout.
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Book Review: ‘Madoff: The Final Word,’ by Richard Behar
The journalist Richard Behar communicated extensively with the disgraced financier. His rigorous if irreverent book acknowledges his subject’s humanity.
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How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases
Here’s how the former crypto mogul’s 25-year sentence stacks up against the prosecutions of Michael Milken, Bernie Madoff and others.
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Vermont’s Jay Peak Emerges From a Cloud of Financial Scandal
Less than a decade ago, the biggest fraud in ski industry history nearly took down a beloved ski area. But Jay Peak, long known for its powder, has since transformed into a sparkling modern resort.
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Man Is Sentenced in $9 Million Cow Manure Ponzi Scheme
Raymond Brewer defrauded investors by falsely telling them he was building machines that could convert cow manure into biogas, federal prosecutors said.
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TD Bank to Pay $1.2 Billion to Settle Stanford Financial Ponzi Case
The New York Times – Business:The Canadian lender settled claims arising from a scandal involving Stanford Financial, which collapsed in 2009 and cost ordinary investors some $7 billion.