The U.S. Attorney's Office and FBI announced yesterday that they had arrested one Charles A. Bennett on securities and wire fraud charges after Bennett attempted suicide early last month and confessed to his crimes in a note he'd left. His suicide attempt failed, the New York Post reported, and the NYPD found his note.
Arthur Laffer, the right-wing economist who is second only to Reagan in right-wing masturbation fantasies for allegedly proving that lowering taxes increases revenue (it doesn't), has been sued for his alleged involvement in a Ponzi scheme that bilked investors of at least $3.1 million.
Earlier this week, federal prosecutors unveiled a civil lawsuit against online poker giant Full Tilt Poker, alleging it was "not a legitimate poker company, but a global Ponzi Scheme." Full Tilt is now offering a powerful defense: "Ehhh, technically what happened was not a Ponzi Scheme, per se."
Ponzi schemer Ken Starr scammed celebrities and spent the money on his stripper wife. Now he claims Martin Scorsese owes him $600,000 in unpaid fees. You didn't expect Starr to scam you for free, did you, Scorsese? [The Wrap]
Ken Starrāa famous investment adviser with a long list of celebrity clients, not the Clinton prosecutorāwas arrested this morning and charged with running a Ponzi scheme. Also arrested: former NYC Council president Andrew Stein. Big scandal's afoot! [Updated]
Ho hum, Minnesota man convicted in $3.6 billion Ponzi scheme. No one notices any more.
Bernie Madoff, the most successful fraudster in US financial history, is in jail. Everything he once owned went on the auction block today. Hunter Walker was there to watch people purchase souvenirs of the American financial collapse.
The nice thing about Eliot Spitzer's post-politics career? He's still in politics. But because he doesn't have an office to run for all the time, he's basically saying whatever he wants. Like calling the Federal Reserve a "ponzi scheme."
Two years ago it was probably really sweet to have Bernie Madoff give you a corporate credit card you could use to waste tons of money. Today, you'd wish you hadn't bought all that crap:
The list of Ponzi ponce Bernie Madoff's victims grows ever longer, and ever famouser. Kevin Bacon and his beautiful wife Kyra Sedgwick! And poor, impoverished New York University.
New York Social Diary got a pic of Ponzi ponce Bernie Madoff watching TV in his enormous Upper East Side apartment at 9pm last night. What could he be watching?
Uptown's craziest scandal has reached a major meltdown point! Upper East Side dealer Lawrence Salander and his gallery Salander O'Reilly are getting sued every which way but loose by angry clients and dealers and lenders, and so a State Supreme Court judge has shut the shit-blizzard down entirely. We can guaranteeā¦
