Recent Posts Tagged With 'madoff'

• Madoff Seeking to Keep $62 Million in Assets

  Posted on Tuesday March 3rd, 2009 at 08:47 in Fraud, madoff

  Despite his role in a fraud that may cost his victims in the vicinity of $50 billion, Bernard Madoff is seeking to keep a $7 million Manhattan penthouse and an additional $62 million in investment assets, claiming that those assets are his wife’s a...

• Quotable

  Posted on Sunday February 15th, 2009 at 10:21 in quote, madoff

  “This is the best prospecting list ever. You’ve got the names and addresses of a whole bunch of rich people who don’t demand much accountability.”  - Ken Phillips, RCG Capital Advisors, quoted in the Wall Street Journal article, Madoff Clien...

• The Elderly May be Targeted by Some Ponzi Schemes

  Posted on Monday February 2nd, 2009 at 21:22 in Fraud, exploitation, elderly, ponzi scheme, financial plan, madoff

  The term “Ponzi Scheme” derives from a financial fraud perpetrated by con man  Charles Ponzi, where he promised investors very high returns in a relatively short period of time.  The initial investors are actually paid their returns from subseq...

• That’s What Friends Are For

  Posted on Monday January 12th, 2009 at 17:51 in Fraud, madoff

  According to an article in The Wall Street Journal, Bernard Madoff received a whopping $250 million, ten days before his arrest, from an old buddy, Carl Shapiro.  While a very nice gesture, it was insufficient to keep Mr. Madoff’s business afloat....