Ponzi schemes

Self-dealing may be good business, but it also may be unsustainable.

That’s not how his "business" worked, after all.

If it’s any consolation, Matthew Beasley will be in prison for so long it won’t matter how much the SEC orders him to pay.

The judge says: “12 years in jail.”

An alleged Ponzi scheme you might be able to talk your way out of. That, not so much.

Life imitates art for Ponzi schemer Zach Avery.

And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud.

Allegedly. What I can tell you from on-the-ground reporting is that it is also very, very hot in a literal sense.

GPB Capital needs cash and if (alleged) Ponzi schemes are out, an auto-dealership fire sale will have to do.

No, Brent Kovar’s mother didn’t have an “artificial intelligence supercomputer” in her basement, the SEC says.

How about “personal trading accounts”? “Poor performance”? No?

Bernie Madoff goes to his reward.

He’s allegedly a better forger than thespian.

We’re not saying that Sean Hvizdzak did that. But the SEC is.

Ol’ Craigey might need a new hedge fund sucker to get him out of this jam.

You can authorize and investigation and you can authorize an investigation and you and you and you, too!

Because in addition to “unemployed,” he can also now call himself “whistleblower.”

If they’d just unfreeze those assets, his little bro would quickly get them back to his alleged victims, he’s pretty sure.