The Reserve Bank of India (RBI) has come out swinging against cryptocurrency, likening it to a “Ponzi scheme.”
Bernie Madoff: New Documentary Series Opens Old Wounds
Bernie Madoff is known as one of history’s most heartless fraudsters. During the mid-2000’s, Bernie Madoff ran the world’s largest Ponzi scheme and ruined the lives and livelihoods of many families. Now, there is a new miniseries on ABC that…
Michelle Pfeiffer, Robert De Niro Completely Transform For HBO’s ‘The Wizard of Lies’
Michelle Pfeiffer and Robert De Niro look unrecognizable as Bernie and Ruth Madoff in photos released for the upcoming HBO film The Wizard of Lies. The stills show the Hollywood A-listers looking far older than how fans know them. According…
Christina Kitterman Found Guilty of Fraud
Former Rothstein Rosenfeldt Adler lawyer Christina Kitterman learned she will spend the next five years in federal prison today, for impersonating a Florida Bar official. Her actions were all in attempt to help keep Scott Rothstein’s massive investment scheme afloat.…
Bernie Madoff Accountant Charged with Fraud
NBC News reported this week that Paul Konigsberg, an attorney and accountant, was charged yesterday with falsifying records and related securities connected to the Bernie Madoff Ponzi scheme. Konigsberg is the only non-Madoff family member who owned a controlling interest…
Kyra Sedgwick Speaks Out Against Bernie Madoff
Kyra Sedgwick is angry. The star of the popular television series “The Closer”, as well as the co-star of several major Hollywood, watched helplessly as her husband, actor Kevin Bacon, lost a remarkable amount of money to convicted conman Bernie…
Madoff Brother Plea: Peter Will Do Ten Years For Bernie’s Ponzi Scheme
The brother of the infamous Bernie Madoff is about to plead guilty and faces a 10 year prison term in New York for charges of fraud, the Associated Press is reporting. Prosecutors informed the judge Wednesday that he will plead…
Texas Tycoon Gets 110 Years: R. Allen Stanford Sentenced
In what officials are calling the largest Ponzi scheme in United States history, R. Allen Stanford managed to con over 21,000 investors out of $7 billion over a span of twenty years; now, after serving three years in jail, he…