'ponzi scheme' Tagged Posts

'ponzi scheme' Tagged Posts

Affinity Fraud

Wall Street maven Bernard Madoff’s 50 billion dollar Ponzi scheme, the largest in history (excluding the Social Security system), has generated a spate of sensational headlines. “Scope of Alleged Fraud Still Being Assessed,” “Madoff Ran Vast Options Game,” “Spielburg and Katzenburg Get Hit,” “Impact on Jewish Charities is Catastraphic.” A Ponzi scheme, named for Charles…