ponzi scheme

A Royal Ponzi Scheme

Apr 30, 2018
Our priorities and judgment have become warped as we deify the rich and famous and neglect the meek. This is the trap of a capitalistic society.
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The Donzi Scheme

Jun 29, 2016
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.

The Insider’s Economic Dictionary: P Is for Ponzi

Apr 13, 2014
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.

Is JPMorgan Chase About to Buy Its Way Out of Another Prosecution?

Oct 24, 2013
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."

Madoff’s Regrets

Oct 27, 2011
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.