PonziScheme News

PonziScheme News From AOL News

Hundreds of Federal Agents Fall Victim to Ponzi Scheme

(July 8) -- FBI agents are supposed to unearth scams, not become victims of them. This time is different. Some 300 retired and current federal agents -- representing the FBI, the Drug Enforcement Administration and Immigration and Customs Enforcement -- collectively invested tens of millions of dollars of retirement money...

Ponzi Scheme Wipes Out Author Jacquelyn Mitchard

(June 28) -- Jacquelyn Mitchard, author of the best-selling novel "The Deep End of the Ocean," says she has been virtually wiped out by a $190 million Ponzi scheme. The author, a mother of nine children in Madison, Wisconsin, is the victim of an international Ponzi scheme masterminded by Trevor Cook, a Minneapolis trader...

Bail for Madoff Aide Set at $10 Million

(Feb. 11) – Frank DiPascali Jr., ex-finance chief for Bernard Madoff and a government witness to the biggest Ponzi scheme in history, was granted bail ahead of his sentencing. But DiPascali's brief interlude on the streets is going to cost him. U.S. District Judge Richard Sullivan on Thursday set bail at $10 million...

Madoff Client List Includes Sandy Koufax

Sandy Koufax, three time Cy Young winner and Dodgers great, is on a distinguished list of clients that Bernie Madoff conned out of millions with his Ponzi scheme, according to documents that were made public in a U.S. Bankruptcy court yesterday.Koufax was a friend of former Mets owner Mike Wilpon, and as a result ran in...