Ponzi schemes

  • News

    Bernie Madoff Is Still The King

    Though it looked like Sir Allen Stanford might dethrone him with a recommended sentence of 230 years…

    / Jun 14, 2012 at 1:28 PM
  • News

    So Allen Stanford Might Be Going Away For A While

    U.S. prosecutors have urged a judge to send convicted financier Allen Stanford to prison for 230 years, calling him a “ruthless predator” whose $7 billion Ponzi scheme was among the most egregious frauds ever undertaken. Such a sentence, the maximum recommended under federal sentencing guidelines, would be 80 years longer than Bernard Madoff got in […]

    / Jun 11, 2012 at 2:56 PM
  • News

    Allen Stanford Puts On Unusually Brave Face While Hearing Verdict Of Guilt

    April 7, 2009: The then Sir Allen Stanford chokes back tears over being deprived of being named Forbes’ 405th richest person in the world as a result of the Ponzi charges (which he described as “baloney” and informed a reporter using the dirty word, “If you say Ponzi to my face again, I will punch you in the mouth”).
    March 6, 2012: “A federal jury convicted international financier R. Allen Stanford on 13 of 14 charges of money laundering and fraud in a Ponzi scheme that lost billions of dollars for investors…As the verdict was read Mr. Stanford, wearing a dark suit, turned to where his family members were sitting and appeared to mouth the words, ‘It’s OK.'”

    / Mar 6, 2012 at 3:15 PM
  • News

    “My feelings are getting inflamed and I’m going to pop off pretty soon”

    Remember Nevin Shapiro? He’s the guy we named the Greatest Ponzi Schemer of All Time last August, over all other Ponzi schemers, Bernie included. While Madoff would have won if we were judging based on size alone, we weren’t. Shapiro took home the title because 1) with his ill-gotten gains, he made a name for […]

    / Feb 13, 2012 at 7:53 PM
  • News

    Convicted Ponzi Guru Scott Rothstein Wasn’t Worried About Whores, Hotboxing Derailing His Scam

    Not sure how many people here know this, but there’s an old saying that when one is running on Ponzi scheme, one needs total focus. It’s a lot of work defrauding investors and while some activities by your staff are tolerable (smoking weed in every corner of the office, as well as the parking garage […]

    / Jan 3, 2012 at 7:26 PM
  • News

    Bernie Madoff Can’t Say Enough Good Things About Prison

    Barbara Walters told ABC’s “Good Morning America” on Thursday that she interviewed Madoff for two hours at the prison in Butner, N.C., where he’s serving a 150-year sentence. No cameras were allowed in the prison. Walters said Madoff told her he thought about suicide before being sent to prison, but since he’s been there he […]

    / Oct 27, 2011 at 12:07 PM
  • News

    Bernie Madoff Couldn’t Be Happier Behind Bars

    Maybe, you thought, Bernie Madoff wouldn’t like prison. Maybe, you thought, after a life of luxury, living in an 8X10 would cramp his style. Maybe, you thought, that he’d have trouble earning 14 cents an hour sweeping the floors, after spending several decades ‘earning’ millions making fake trades. Maybe, you thought, he wouldn’t take to […]

    / Oct 21, 2011 at 4:08 PM
  • ponzi schemes

    Lawyer Representing Some Of Fult-Tilt Poker Resents The Ponzi Scheme Label

    Did FTP maybe commit a crime? Yes. Was the crime it committed a Ponzi Scheme under the strict definition of the term? No.

    / Sep 22, 2011 at 3:47 PM
  • News

    On The Bright Side, Some People Got $130mm Worth Of Free Poker

    If you were worried that Social Security is a Ponzi scheme and planned to fund your retirement with poker winnings, today turned out to be a bad day for you. While we here at Dealbreaker generally endorse keeping all of your money in poker, keeping all of your money in Full Tilt Poker was not […]

    / Sep 20, 2011 at 6:34 PM
  • ponzi schemes

    Full Tilt Poker Doug Lied To You

    In fairness, no one straight up asked him “is Full Tilt a global Ponzi scheme,” as opposed to “a legitimate poker company.”

    / Sep 20, 2011 at 3:14 PM
  • Balls

    What Wall Street Wives Can Learn From Diane Passage

    Think you don’t need to perform your own quarterly audits of your husband’s business to check for any discrepancies? Think again. Choose not to take regular looks at your meal ticket’s book and you could go from dining on the finest shellfish money can buy (“Some of those black-tie events were so fucking boring. We […]

    / Sep 19, 2011 at 4:00 PM
  • News

    Bernie Madoff Beats Reporters Off With A Stick, No Longer Respects Charlie Gasparino

    The Ponz Master apparently emailed Gasparino to tell him as much last night and to let him know that their previously scheduled date? CANCELED.

    / Aug 31, 2011 at 4:04 PM
  • News

    Bernie Madoff Under The Impression That Harvard Plans To Teach A Course Based On His Legitimate Years

    Since February, Bernie Madoff has been on a little something called the Legitimate Years Tour. Yes, he may have pleaded guilty to a $50 billion crime that ruined countless people’s lives, not to mention resulted in the suicide of his own child, but why must that be all that is said of him, when it […]

    / Aug 25, 2011 at 11:39 AM
  • News

    Ponzi Schemer/UM Football Team’s Liason To The Hooker World Puts Colleagues To Shame

    Who is the greatest Ponzi schemer of our generation? If we’re evaluating on the basis of sheer size, Bernie Madoff is the obvious answer. But as many of you know, size can only get you so far in life- it’s what you do with what you’ve got that matters. And Berns really didn’t do anything […]

    / Aug 17, 2011 at 3:01 PM
  • News

    SEC Has Learned Some Important Lessons From Its Madoff Failures, Like “Return Harry Markopolos’s Phone Calls”

    The SEC is well aware that everyone thinks its failure to stop Bernie Madoff’s ponzi scheme was pretty weak. After all, Harry Markopolos told them about it for years and they did nothing. But it turns out there’s a pretty innocent explanation: when Markopolos would call the SEC, they didn’t have a pen handy so […]

    / Jul 27, 2011 at 4:27 PM
  • News

    PTA Moms Charged With Running Ponzi Scheme

    That’ll teach you to think twice before forking over a few mill to your kid’s friend’s mom.

    / Jul 7, 2011 at 12:27 PM
  • News

    Bernie Madoff Feels Like A Piñata

    When one is serving a 150 year sentence for running a massive Ponzi scheme, he tends to find himself with time on his hands to think about things. Take Bernie Madoff, for example. He has a job in the joint (working in the commissary) and he gets in daily walks on the track but other […]

    / Jun 28, 2011 at 2:07 PM
  • News

    Bernie Madoff’s Underwear, Ass Sell At Auction

    Over the weekend, the US Marshals service held yet another auction of Bernie Madoff’s stuff, with the proceeds going to victims of the Ponz Master’s scheme. Previous items bought by bidders have included Bernie’s prized collection of mini-bar booze, his marital bed, and his belly button ring. This time, someone got a deal on his […]

    / Jun 6, 2011 at 12:38 PM

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