The Securities and Exchange Commission has charged a man in Texas named Trendon T. Shavers with "defrauding investors in a Ponzi scheme involving Bitcoin," to the tune more than $4.5 million.
Exciting news, Madofficionados! Yet another chance to own a piece of America's little Ponzi-schemin' dumpling is soon upon us. 58 lots from Bernard Madoff's personal wine cellar — hand-selected, the auction house director tells the NY Post, by someone who was "clearly not a connoisseur" — will hit the auction block…
The New York Times interviewed a "noticeably" thinner Bernie Madoff in prison and, wouldn't you know it, he said that "unidentified banks and hedge funds were somehow 'complicit' in his elaborate fraud," and also this:
'Pigeon King' Arlan Galbraith was charged yesterday in Canada for allegedly running a pigeon breeding ponzi scheme through his company, Pigeon King International, and defrauding investors out of $1 million by promising enormous returns from pigeon meat sales. [CBC]
The New York Republican candidate for Senate, Joe DioGuardi was paid $5,000/month as an advisor to Medical Capital Corp—a subsidiary of Medical Capital Holdings, which blew $1 billion of investors' money on yachts and other crap. Nice.
Ponzi schemer to the stars Ken Starr gets the Vanity Fair treatment this week, along with dozens of A-listers he allegedly scammed. (Sylvester Stallone! Nora Ephron! Walter Cronkite!) But the juiciest stories come from his pole-dancing wife, Diane Passage.
Investment adviser Ken Starr was arrested Thursday for allegedly defrauding a long list of Hollywood stars like Uma Thurman. And the story keeps getting better (trashier): His wife, Diane Passage, is a former Scores stripper and pole dancer.
Lawrence Salander apparently had a nice little painting ponzi scheme going for a while there. Then he tried conning a certain temperamental tennis star named John McEnroe. This, of course, ENDED him.
Lawrence Salander, the former operator of a prominent Manhattan art gallery, was arrested todayon charges of stealing $88 million from clients like Robert DeNiro and John McEnroe. Is he the art world's Bernie Madoff?
