Madoff was, in fact, the largest Ponzi scheme in history. The alleged scam, which cost investors $50 billion, sounds like a classic Ponzi racket. But what is a Ponzi scheme? And why does it bear ...

The lawyer placed in charge of cleaning up an Alpharetta company at the center of an alleged $300 million Ponzi scheme has started compiling a list of investors allegedly bilked, while searching ...

Now, the Securities and Exchange Commission has accused Burkhalter, 52, of orchestrating a $300 million Ponzi scheme. He has denied the allegations and is cooperating with the SEC, his attorneys ...

(CNN)-- Federal prosecutors have charged a Florida man who lured University of Miami employees to help him pull off a multimillion-dollar Ponzi scheme that cost investors more than $20 million ...

Two brothers accused of operating a Ponzi scheme have reached an agreement with the U.S. Securities and Exchange Commission to resolve the case, which was filed in Georgia. Tanner S. Adam ...

The Trump White House described Eli Weinstein as the 'father of seven children and a loving husband' on the day of his release A Ponzi scheme operator whose prison sentence was commuted by former ...

Our Social Security system is predicated, like all Ponzi schemes, on an ever-growing base of contributors at the bottom to fund the cohort at the top. When it was signed into law in 1935 ...

A federal appeals panel has overturned a jury verdict that would have cost BMO Financial Group hundreds of millions of dollars, finding that the bank cannot be held legally responsible in connection ...

Carlo Acutis, who died of leukaemia in 2006 aged 15, has already been dubbed "the patron saint of the internet". On Saturday, he was beatified at a ceremony in the town of Assisi and moved one ...

Carlo Mollino was an Italian designer, architect, and photographer known for his varied interests and projects. Ranging from well-crafted chairs, tables, and automobile designs to staged erotic ...

Bank of Montreal’s capital reserves will get a boost in the fourth quarter after the lender won a legal victory over its involvement in a multi-billion-dollar Minnesota Ponzi scheme. The ...