More articles about: ponzi

Industry

Ponzi vs Pyramid Scams: What's the Difference?

The SEC is warning the public against investment scams during Investor Protection Week.

On November 9 to 13, the country will observe the first-ever Investor Protection Week (IPW). Spearheded by the Securities and Exchange Commission (SEC), IPW is meant to promote investor education amid the rising number of unauthorized investment-taking activities, especially during ...

Lifestyle

Bernie Madoff Sold Hot Chocolate in Prison—and Made a Killing

He cornered the market on hot chocolate and continues to be a greedy bastard behind bars.

Bernie Madoff, the hedge fund manager who fleeced Americans of $65 billion in the world's largest Ponzi scheme, continues to do business in prison. But instead of playing the stock market, he is selling hot chocolate.According to Steve Fishman, a ...

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