Bill Gross, Pimco, explains why a real return rate of 6.6 percent in this market is similar to a ponzi scheme, and reacts to Wharton School Professor of Finance Jeremy Siegel's response on the subject, weighs in.
The Colorado Springs fire is 25 percent contained, and Peter Madoff pleaded guilty to crimes that allowed his brother Bernie to run his ponzi scheme, reports CNBC's Brian Shactman. The Weather Channel's Chris Warren also reports on historic heat across...
Shawn Merriman was the head of a thriving investment business pulling in millions. But unknown to investors, Merriman was running a Ponzi scheme and ripping off his family and friends. Andrea Merriman was married to Shawn for nearly 20 years. She remem...
Convicted financier Allen Stanford, who faces up to 230 years in prison for his $7 billion Ponzi scheme, arrives at Federal Court in Houston for sentencing June 14, 2012. REUTERS/Richard Carson