Judge OKs payouts for Ponzi scheme victims - Buffalo News


Buffalo News
Judge OKs payouts for Ponzi scheme victims
Buffalo News
For victims of one of biggest Ponzi schemes in recent memory, real justice means getting back some of the $25 million stolen from them. A federal judge recently paved the way for the Securities and Exchange Commission to pay out $6.2 million to people ...

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Book Review: Thieves of Bay Street, by Bruce Livesey - National Post


National Post
Book Review: Thieves of Bay Street, by Bruce Livesey
National Post
Low interest was the double whammy to honesty, for it drove retired people to seek income from ever riskier investments, such as mortgage derivatives, created an environment for Ponzi schemes to flourish and made it easier to borrow money to buy stocks ...

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The True Costs of Bank Crises - CounterPunch

The True Costs of Bank Crises
CounterPunch
What makes use of this model so questionable is that both of these assumptions are behind every spectacular financial collapse in modern history that didn't involve outright theft (eg Ponzi schemes). Ultimately the particulars of JP Morgan's losses are ...

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CONGRESSIONAL TESTIMONY: OVERSIGHT OF THE FEDERAL BUREAU OF INVESTIGATION - The Cypress Times

CONGRESSIONAL TESTIMONY: OVERSIGHT OF THE FEDERAL BUREAU OF INVESTIGATION
The Cypress Times
With the collapse of the housing market, we have seen an increase in schemes aimed at distressed homeowners, such as loan modification scams and phony foreclosure rescues. So- called “rescue services” claim they can expose errors by lenders that might ...

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