Federal regulators have issued Wells Fargo formal orders demanding they get better at catching customers who misuse their services for criminal acts, as the bank faces a lawsuit alleging they allowed a $460 million Ponzi scheme to operate.
Steven Hoffenberg, a former mentor and business partner of deceased serial sex abuser Jeffrey Epstein, was found dead in his Connecticut apartment on Tuesday.
As a Minnesota prosecutor, Amy Klobuchar did not prosecute a Ponzi scheme architect who was her biggest campaign donor, said Peter Schweizer.
Sen. Amy Klobuchar (D-MN) selectively enforced the law regarding financial crimes as a local prosecutor, often to the benefit of friends and political allies.
Authorities have taken Scott Kohn into custody for an accused “billion dollar Ponzi scheme” that targeted vulnerable veterans.
MIAMI (AP) — Lou Pearlman, credited for starting the boy-band craze and launching the careers of the Backstreet Boys and ‘NSync, has died in prison while serving a 25-year sentence for a massive Ponzi scheme.
According to a Medscape Medical News survey, four of 10 physicians in solo or small group practices say the new payment system under the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) will lead to many physicians dropping out as Medicare providers because of its “punishing penalties,” the survey notes.
The federal government is set to cut Medicare spending on older Americans and also to extract more Medicare taxes from younger Americans who can’t get any benefit from the program.
A former East Texas-based insurance agent now faces a federal jail sentence for the commission of a multi-million dollar Ponzi scheme.
A huge stock market rally kicked off when the U.S. Treasury was forced to pay out a net $32 billion last week after the Republican Congress failed to raise the legal debt ceiling on the U.S. government’s $18.113 trillion Ponzi debt scheme.
Madoff, an upcoming ABC mini-series starring Richard Dreyfuss and Blythe Danner as infamous Ponzi scheme villains Bernie and Ruth Madoff, began filming on location this week in New York City.
