All Posts Tagged Tag: ‘Ponzi schemes’

Ponzi Schemer Allen Stanford Blames Twitter For Conviction

Earlier this month, Allen Stanford was convicted on 13 out of 14 counts relating to a giant Ponzi scheme that he’d been running for the past two decades. As chairman of the Stanford Financial Group, Stanford reportedly committed $7 billion dollars worth of fraud, a staggering figure that really only compares to that other famous Ponzi schemer. Now he wants …

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Full Tilt Poker: A Massive Ponzi Scheme Says U.S. Attorney

U.S. Attorney in Manhattan Preet Bharara didn’t mince words yesterday when he called out former online poker giant Full Tilt Poker. In a statement, Bharara said that “Full Tilt was not a legitimate poker company, but a global Ponzi scheme. Full Tilt insiders lined their own pockets with funds picked from the pockets of their most loyal customers while blithely …

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Tobey Maguire, Poker Star, Sued Over Illegal Game

It seems as though there may be two morals to this story: First, when you play for high stakes, make sure you know where your play-partners got their “stakes.” And secondly, just don’t play poker with Tobey Maguire – he’s a shark. According to RadarOnline, Maguire is just one of many Hollywood elite being sued in connection with a extremely …

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