Charles Ponzi

The Justice Department and other federal agenceies are cracking down on would-be Bernie Madoffs of the future. Yesterday, Attorney General Eric Holder tallied the results of a nationwide Financial Fraud Task Force that’s meant to target investment fraud and other Ponzi schemes. The Justice department reports that the estimated loss from these financial fraud schemes […]

Hard to believe, but it’s been one year since Ponzi scheme ‘mastermind’ Bernie Madoff was arrested for scamming over $50 billion from investors. We thought it’d be the perfect time to check in and see how Madoff’s victims and associates are doing.

Washington, business, and sports Takeouts for November 2nd, 2009. From The Takeaway.

The sixth book on the life of convicted Ponzi schemer Bernie Madoff hits bookstores today. The Takeaway speaks to Motoko Rich, who covers the publishing industry for The New York Times, along with author and journalist Erin Arvedlund.

Dan Ariely, a behavioral economist, has first-hand insight into how one self-destructive financial decision can thrust us into a downward spiral of many bad decisions. Dan Ariely is a professor at Duke University and author of ‘Predictably Irrational.’