Tag Archive for: Ponzi scheme
Way After Madoff Ponzi Schemes Are Still With Us: How to Avoid Them
Nearly ten years on since the arrest of master Ponzi schemer Bernard Madoff, the Ponzi fraudsters are still with us. Maybe not with as much money as Madoff’s billions, but powerful enough to do a lot of damage.
Being devoted to finding assets,…
Stashing Cash with Ammo: Convicted Fraudsters Hide Money Away in Ammunition Canisters
We’ve heard of people stowing money beneath the mattress and under floorboards before, but we recently came across this article about the family of convicted Ponzi-schemer Ron Wilson hiding Wilson’s money for him in ammunition canisters. …
TelexFree and the Need for Investor Due Diligence
“TelexFree is already creating MILLIONAIRES and now is YOUR turn.” So read the now defunct website of TelexFree Inc., which U.S. officials ordered to be taken down earlier this month. Massachusetts company TelexFree Inc.…
Allen Stanford: Persistent Due Diligence Could Have Made a Difference
The Allen Stanford alleged Ponzi scheme case is currently before the courts after years of delays. We are finally getting to hear from witnesses and co-conspirators about what they say were the lengths undertaken to defraud Stanford’s…
