Tag: Ponzi scheme
If US President Donald Trump commutes Madoff’s sentence, he will have to do so against a Justice Department recommendation.
Khan lured over 100,000 backers with promises of lucrative returns that kept to Islamic principles of finance.
The case underscores how the ripples from Madoff's US$60 billion scheme, one of the biggest financial frauds in history, can still be felt in the financial system 10 years on.
Jason Nissen pleaded guilty to the fake resale of tickets to premium events such as the Super Bowl, the US Open tennis tournament, and the Broadway musical “Hamilton”.
World Bank group president Jim Yong Kim says it is still not really clear how cryptocurrencies work.
India's finance ministry says there is a real and heightened risk of investment bubble of the type seen in Ponzi schemes.
Two DAP leaders expose the latest scheme which uses mobile apps to promote a cash payback scheme that has already netted more than 150 “investors”.
DAP parliamentarian says Arul’s record in helming 1MDB should cause him to be automatically disqualified from being considered to assume the post of Khazanah managing director.
Singapore police are looking into a property company linked to the scheme which allegedly swindled thousands of investors of RM373 million.
DAP's Lim Lip Eng claims that police have refused to take action as the monetary transactions were mainly in China.
Facebook pages close, as offices remain shut after raid on Friday and yesterday's arrest of founder Johnson Lee and his two key associates.
Segambut MP Lim Lip Eng claims investment company has now been named by Bank Negara only because certain people have stopped protecting them.
The background of a company, regardless of whether it is undertaking a ponzi scheme or not, does not matter as Gerakan’s intention is to help the people, and in this case it happens to be the OKUs from Kuala Lumpur.
The way I see it, yesterday's Gerakan-organised event, where JJPTR refunded OKU investors, is to regain public trust in what could be termed a ponzi-like scheme.
Bank Negara orders all financial institutions to heighten vigilance in detecting accounts used by perpetrators of financial scams, and to monitor such clients.
Investment scheme company boss Johnson Lee says even members who recently put in funds will get their money back.
Former MIC leader says police only got 'tail of the snake, with the head still out there', after arrests following raid on forex investment company last month.
Prominent couple also linked to police probe after allegedly offering to legalise VenusFX operations by obtaining a banking licence via Putrajaya "connections".
MIC treasurer S Vell Paari claims couple worked with investment company to run Ponzi scheme.
More than 25,000 former investors cheated by former Nasdaq chairman Bernie Madoff to be paid from special 'victim fund'.