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Rip-Off Alert: Deacon prays with flock, preys on funds

LAS VEGAS (KSNV — He prayed with them and then stole their millions in a Ponzi scheme involving a church deacon in Nashville. In this Rip-Off Alert, investigators say it was a case of betrayal and greed. Victim J.P. Whitehead asks himself a ...

Daughter turns mom in for Ponzi scheme

Would you have the courage to turn your own mother in to authorities in order to stop a Ponzi scheme? That wasn’t a rhetorical question for Kim Flanigan, who faced just such a dilemma when it became apparent that her widowed mother was involved as both a ...

Of Social Security and Ponzi schemes

In the Republican debate Wednesday night, Presidential candidate Rick Perry again called Social Security a Ponzi scheme. “It is a Ponzi scheme to tell our kids that are 25 or 30 years old today, ‘You’re paying into a program that’s going to be ...

Stanford indicted for alleged Ponzi scheme

WASHINGTON — Brash Texas billionaire R. Allen Stanford was indicted and jailed Friday on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery. The Justice Department announced charges against ...

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Ponzi scheme - Wikipedia, the free encyclopedia

Updated April. 17, 2014

A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the ... | "Ponzi" Schemes - U.S. Securities and Exchange ...

Updated April. 17, 2014

Ponzi Schemes What is a Ponzi scheme? Why do Ponzi schemes collapse? How did Ponzi schemes get their name? What are some Ponzi scheme "red flags"? What steps can I ...

What is a Ponzi Scheme - How Do Ponzi Schemes Work

Updated 19 hours ago

Answer: A Ponzi scheme is a scam investment designed to separate investors from their money. It is named after Charles Ponzi, who constructed one such scheme at the ...

List of Ponzi schemes - Wikipedia, the free encyclopedia

Updated April. 17, 2014

This is a list of Ponzi schemes, fraudulent investment operations that pay returns to separate investors from their own money or money paid by subsequent investors ...