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...Lawyers acting for the claimants have alleged that LCF had been “a Ponzi scheme from the outset”, using “new investors’ monies to pay returns to existing investors”....
...The growing use of continuation funds has attracted scrutiny with the chief investment officer of asset manager Amundi last year likening parts of the private equity industry to a “Ponzi scheme” that would...
...An alleged Ponzi scheme run by a Harvard MBA who solicited money from fellow alumni of the prestigious US business school has been shut down by a New York court after collecting more than $2.9mn....
...London Capital & Finance ran a “Ponzi scheme” where money raised from UK retail investors was spent on diamond earrings, horses, shotguns and membership of Annabel’s nightclub, a court has been told....
...The US securities regulator says Texas-based Agridime LLC and its owners — Josh Link and Jed Wood — have been running a $191mn Ponzi scheme selling “Cattle contracts” in 15 states....
...Saffeya Ahmed The interviewer asked Salameh what he thinks about being compared to Charles Ponzi or Bernie Madoff....
...The need for “new money” is, indeed, a characteristic associated with Ponzi schemes. I look forward to more analyses on the evolving dynamics of the cryptocurrency market in your paper....
...What is a Ponzi scheme? Who is Bernard Madoff? When was the ‘triple lock’ introduced?...
...— Hot Rocks, Part Three: Barriers to Next-Gen Geothermal (Employ America & Institute for Progress) — DJ Ponzi (New York Magazine) — Former Fed vice chair Randal Quarles on bank-capital regs, SVB and...
...Indeed, back in 2017, Professor Victor Shih of the University of California San Diego wrote in a sober, extensively documented study that “China as a whole is a Ponzi unit”....
Inside the scandal plaguing the country’s former central banker, Riad Salameh
...Victims of a £58mn “Ponzi-like” scheme which invested in a troubled care homes business fear they will lose the bulk of their money, after a judge ruled they had been misled with promises of unsustainable...
...FT readers were far more succinct in their online comments: “It’s a Ponzi scheme!” said one, summing up the views of many....
...When promoting any business with Ponzi-like economics there might be no such thing as bad publicity, though there’s still such a thing as bad music....
...for a lighter sentence, called for the court to consider how the 31-year-old had been “misunderstood” and wrongly compared to criminals such as Bernard Madoff, who had confessed to operating a massive Ponzi...
...A former financier who defrauded investors, promising them “remarkable returns”, was convicted on Monday of masterminding a £70mn Ponzi-style scheme....
...He said the government was wrong to equate Bankman-Fried’s crimes with the “level of depravity and cruelty” shown by the likes of Bernard Madoff, who pleaded guilty to running the biggest Ponzi scheme in...
...persistent signal (The Overshoot $) — The decline of job creation at new establishments (US Bureau of Labor Statistics) — Businesses are in for a mighty debt hangover (The Economist) — The billion-dollar Ponzi...
...Donald Trump is not Bernard Madoff,” he said of the late Ponzi scheme architect: “Yet, defendants are incapable of admitting the error of their ways.”...
...The head of Australia’s International Education Association described as a “Ponzi scheme” private agencies recruiting notional HE applicants who in reality did paid work rather than studying....
...In a separate 2020 New Jersey court case, a crypto entrepreneur accused of running a Ponzi scheme used his Aurae card to transfer $100mn between 2018 and 2019....
...Look before you leap, slow down and ask questions: this advice could have saved many a Ponzi scheme victim....
...Shetty has launched a separate action against Manghat and EY, claiming he was defrauded through a “debt-fuelled Ponzi scheme”....
...It suffered heavy hits in 2008 from the collapse of US bank Lehman Brothers and from its exposure to the Bernard Madoff Ponzi scheme, but finally paid back all its bailout-related debt to the state in 2015...
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