ponzi

He had been the victim of a Ponzi scheme before but, before he died, he made sure he was one of Mr Madoff's largest beneficiaries.

It turned out that Ponzi had never actually got around to buying many postal coupons and that it was all a colossal hoax.

As with Bernard Madoff's Ponzi scheme, everything went well provided they continued to put money into the market.

The American housing market seems to be suffering from the unravelling of a Ponzi-type system.

Ms. Solomon is trying to recover more than $200, 000 that she invested in the Ponzi scheme for her mother.

The company has no intention of resurrecting the investment management side of Mr Madoff's business, which was the Ponzi scheme.

In 2006, one potential investor actually branded it a Ponzi scheme and took his suspicions to the Securities and Exchange Commission.

This Ponzi-like spiral could not go on for ever but was enough to keep the bubble inflated for a while longer.

Some of this cheating has been of an old familiar sort: building Ponzi schemes and bribing politicians to secure favourable deals.

The Ponzi Scheme mastermind and his wife generate headlines after sitting down for separate TV interviews.

Like many confidence men, Ponzi preyed first on his own kind, and the Boston Italian community embraced him with delirious joy.

'It was a year of Ponzi schemes and banking meltdowns, ' she says.

For all its malevolence, the Soviet empire was like a Ponzi scheme, dependent on ever-increasing amounts of money.

Ponzi was convinced that he was a wizard who had stumbled upon a form of financial alchemy that had eluded others.

Exactly one year ago, Bernard L. Madoff's two sons turned him in for running the biggest Ponzi scheme ever.

Mr Perry has called Social Security, the pension system on which millions of Americans depend, not only unconstitutional but a Ponzi scheme.

Victims of a Ponzi scheme or other outright fraud can of course maintain that it isn't their fault.

But don't call it a Ponzi scheme. That's unkind. Shame on you.

"No mention was made of my having given the paper its first shot at Ponzi, " he grouses in his typescript.

Who wanted to hear from dismal economists warning that the whole thing was, in effect, a giant Ponzi scheme?

Check writing in the trillions is not a bondholder's friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme.

The charge sheet confirms that he ran a Ponzi scheme of unprecedented boldness, dating at least as far back as the 1980s.

There is no unsustainable progression driving the mechanism of a pay-as-you-go pension system and so it is not a pyramid or Ponzi scheme.

Financier Bernard Madoff traded his luxury penthouse for a tiny jail cell after pleading guilty to a massive Ponzi scheme .

Last month Tim Lee, a strategist at pi Economics, described the whole financial system as "the equivalent of a gigantic Ponzi scheme. "

We are starting to observe public opposition to financing this Ponzi scheme in its current form, but it could still have quite a way to go.

For the duration of a Ponzi scheme, it may seem like a victimless crime.

Mr. Yu was less reticent last week, when he denounced U. S. Treasury bonds as a giant 'ponzi scheme' boosted by Federal Reserve purchases.

For these reasons, the big Wall Street firms are notably absent from the long list of victims of Mr Madoff's alleged Ponzi scheme.

But the foundation lost at least $2 million in the Ponzi scheme; its executive director, Jay Feinberg, declined to comment.

Does this make Social Security a Ponzi scheme, to quote Rick Perry, the governor of Texas and a leading Republican presidential candidate?

The problem is that the culture of investment is not so different from that of Ponzi fraud.

Well, now think about this in the context of a Ponzi scheme such as the one perpetrated by disgraced financier Bernie Madoff.

Ed Lazar was involved in the bookkeeping end of an alphabet-soup Ponzi scheme that had possible mob connections.

In a separate essay last month, Mr. Yu denounced U. S. Treasury bonds as a giant ponzi scheme supported by Federal Reserve purchases.

"His role has been shortchanged in Ponzi accounts going back to the 1920s, " she said.

If you had the good fortune never to have invested in what may end up being the biggest Ponzi scheme in history, count your blessings.

So you see, there could be a little Ponzi scheme in every hedge fund.

GOVERNMENTS have been indebted for centuries, running ongoing Ponzi schemes involving tax-payers, investors and future generations.

Mr Madoff's Ponzi scheme probably began after the 1987 stockmarket crash, which prompted investors to withdraw billions from his fund.

The more likely route to a prosecution, if there is to be one, is to show that they aided their father in perpetrating the Ponzi scheme.

And worries remain that another Ponzi scheme could be brewing, along the lines of Bernie Madoff or Robert Allen Stanford.

It was a pattern that would repeat itself when the Ponzi scheme got going in earnest several decades later.

Through a spokesman, Pang previously has denied the Ponzi scheme claim and defended his credentials as accurate.

the article also detailed a fired ex-president's allegation that part of the firm was involved in a Ponzi scheme.

That's mostly right; in a Ponzi scheme, previous investors get their promised 'returns' through new investors who put in their money.

Mortgage securities had an element of Ponzi in that new financing was required to sustain people whose mortgages were under water.

But it was no Enron or Ponzi scheme.

Madoff himself described his investment business as an unsophisticated "Ponzi scheme, " according to investigators who interviewed him.

For now, our Ponzi-style economy and its policy remedies encourage bond investors to mimic Uncle Sam and its global compatriots.

Few financiers become embroiled in Ponzi schemes voluntarily, for the simple reason that such schemes are mathematically certain to fail.

When a wave of redemptions hit the Madoff funds, the Ponzi scheme, as Mr Madoff himself reportedly called it, became unworkable.

You might even say that the bursting of the credit Ponzi scheme has left us all in jail now with Madoff.

The stricken Afghan bank had for years been run as a giant Ponzi scheme for the benefit of powerful shareholders.

"It was a nail in the coffin, " said Mr. Zuckoff, noting that other reporters had also begun chipping away at Ponzi's scheme.

In many ways, the housing market was a Ponzi scheme run by financial institutions and government.

And I don't mean Bernard Madoff for his decades-long Ponzi scheme.

Start with China's stockmarket, described by Andy Xie, an independent economist, as a "giant Ponzi scheme" .

Since January 2009, the FBI has opened more than 200 Ponzi-scheme cases, he said.

Sounds a bit like a Ponzi scheme, right?

The receiver stopped short of concluding that PEMGroup actually engaged in a Ponzi scheme, however.

Apparently, the difference between a Ponzi scheme and an investment bank is. . . law enforcement.

No one thought that Mr Madoff was operating a Ponzi scheme but plenty of people thought he had an unfair advantage.

Ever since Rick Perry derided Social Security as a Ponzi scheme, economists and other pundits have jumped into the fray.

She sometimes says things that make no sense: whatever its flaws, cap-and-trade is not a Ponzi scheme.

And, no less than Ponzi, Kreuger had also deceived himself.

Banco Santander reached a settlement with the trustee seeking to recover money for clients of Bernard Madoff's Ponzi scheme.

Bernie Madoff is well recognized as the perpetrator of the biggest Ponzi scheme in history, at $50 billion.

The demands for jail sentences are buttressed by the populist notion that Wall Street is basically a Ponzi scheme.

Euphemisms may be useful in the short run, but one finally recognises a Ponzi scheme when it persists.

Yet even funds with fairly accurate estimates of unrealized gains are guilty of engaging in similar Ponzi practices in the short term.

As insurance against future trouble, Ponzi also recruited Boston policemen and reporters as investors.

The government bond market is usually a Ponzi scheme.

The scale of his alleged $50 billion Ponzi scheme is hard to comprehend.

Charles Ponzi was probably the most colorful and outlandish practitioner of the scheme that bears his name.

In many of these schemes, the average American plays both the victim and Ponzi himself.

They come in the wake of dozens of investment scams, including the $50bn Ponzi scheme presided over by Bernard Madoff in New York.

But Mr. McMasters wrote that he had pulled the strings to arrange Ponzi's interview with investigators.

Nobody could buy and transport stamps in sufficient quantities to earn the returns that Ponzi promised.

And Ponzi borrowers can pay neither interest nor principal from cash flows but rely on rising asset prices to keep going.

Above I've explained why the "Ponzi scheme" accusation is accurate, in the context of modern political debates.

No worries though, their ponzi scam has come undone, and soon the entire worlds economy will simply implode.

Only Ponzi schemes should depend on confidence. Governments should never need to "restore confidence" .

In other words, it was a classic Ponzi scheme.

When reporters dredged up Ponzi's criminal past in Montreal, complete with mug shots, his fate was sealed.

Why is Groupon not merely a tech-bubble datum but a Ponzi scheme?

loren made her name soon afterwards when ponzi , 20 years her senior , gave her a part in a semi - documentary.

"It was a Ponzi scheme, " Mr Fitrat said.

Even Charles Ponzi's victims got a third of their money back.

In sum, Xie says, "Chinese asset markets have become a giant Ponzi scheme. "

Even Charles Ponzi's victims got a third of their money back.

In sum, Xie says, "Chinese asset markets have become a giant Ponzi scheme. "

However, so far as we know Ponzi never threatened anybody.

That doesn't mean China wants to risk more money on a Ponzi scheme in its last throes.

he confessed to duping investors in a Ponzi scheme.

Bernie Madoff received a 150-year jail sentence for defrauding clients of $65 billion in his Ponzi scheme.

Maybe it isn't precisely a Ponzi scheme, but China's banking policy sure comes close.

Bernie Madoff's Ponzi scheme, which came to light in 2008, made clear the risks of handing over capital without close oversight.

But isn't it really pretty obvious that Groupon is a massive Ponzi scheme?

He also oversaw the mechanics of the vast Ponzi scheme.

But in a public scheme such as this, the Ponzi scheme could, in theory, go on forever.

They are hedge finance, speculative finance, and Ponzi finance.

This new criminal case signals the government is moving on those suspected of enabling Mr. Madoff to conduct the Ponzi scheme.

Bernard Madoff's $50 billion Ponzi scheme continues to rock the financial world.

The credit is good only so long as China keeps recycling funds through the Ponzi scheme.

Moreover, this "public sector Ponzi scheme" is more flexible than a private one.

Mr Madoff was sentenced to 150 years in prison for his Ponzi scheme.

Ponzi, on the other hand, was already a convicted felon, though Mr. McMasters and the world did not find that out until later.

Ponzi's original scheme was fraudulent from the start.

The Ponzi principle has even tempted some of China's banks, according to a widely cited article in China Daily, an official newspaper.

In this respect, Social Security isn't a Ponzi scheme after all.

A Ponzi scheme does not generate any wealth whatsoever; that is why it ultimately collapses.

The diminutive Ponzi fit the bill perfectly.

Social Security's "Ponzi Game Aspects"

The key to Ponzi's scheme was paying out investors' own money to attract more investors.

Ponzi finance leads to the most fragility.

There's the Ponzi scheme answer, of course.

But, hey, this is the reason that stocks aren't simply lottery tickets or some kind of Ponzi scheme.

"It's a Ponzi scheme whose head is the central bank, and it can print money, " says Victor Shih, a China expert at Northwestern University.

Nearly four times as many Ponzi schemes unraveled in 2009 as in 2008.

So perhaps there are good and bad Ponzi schemes.

In china, the Ponzi. Scheme presents a securitization trend which is related to portfolio investment in the broad sense.

Ponzi Schemes: Last year had Bernie Madoff, but 2009 will go down as a worse year for Ponzi schemers.

Now the whole world knows what a house of cards our whole ponzi scheme economy really is.

Now we rationally know that an economy built on hyper-consumption is a Ponzi scheme; it's a house of cards.

Quote Ponzi noticed that the postal coupon had been purchased in Spain for about one cent in American ponzi

In the third, or Ponzi, phase they take on debt levels that require rising prices to be safely financed;

Ponzi's are Awful, and are very unstable compared to real investments

JP Morgan Chase sued over Petters Ponzi scheme

The National Ponzi Scheme