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ponzi-scheme

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In 2000 Donald Trump told Fortune Magazine, "It’s very possible I could be the first presidential candidate to run and make money off of it." That's the goal. He’s got 4½ months to make as much money as possible.

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Parasitism: In biology, parasites develop a strategy of gaining control of the host’s brain in order to obtain nourishment by masquerading as its natural progeny or as a part of its body. For economies, the brain in question is the government.

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On the heels of an anticipated $13 billion fine to make its responsibility go away in the mortgage meltdown, the storied bank reportedly is in talks for a “deferred prosecution agreement” over its handling of some of Bernie Madoff’s Ponzi money. Short version: Pay a fine, and the bank avoids criminal charges. So in addition to being "too big to fail," now we have "too big to be guilty."

A&C News

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The spectacular flameout of Bernard Madoff after the big reveal of his fraudulent financial empire played out like Shakespeare for the 21st century, and master actor Robert De Niro was clearly paying attention.

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Ponzi schemer Bernard Madoff's got nothing but time as he serves his sentence in a North Carolina prison for defrauding a vast network of clients out of billions of dollars, and he's apparently not averse to spending some of it sitting for interviews that aren't likely to help his standing much.

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Federal prosecutors Tuesday accused Full Tilt Poker, an online gambling operation, of running a global Ponzi scheme that siphoned $444 million from player accounts to pay off celebrity board members and cover business expenses. (more)

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