Saturday, December 11, 2010 was the two-year anniversary of the day when Bernie Madoff's sons, Mark and Andrew, contacted law enforcement officials to notify them that their father was running the largest Ponzi scheme in history. On this same day...
A former youth pastor was sentenced
to serve 51 months in federal prison for masterminding a Ponzi scheme
purporting to buy and sell precious jewels. Matthew James Addy, 34, received
the sentence from United States District Judge James C. Cacheris...
A Virginia man and former pastor entered a guilty
plea to charges that he operated a Ponzi scheme under the guise of a
legitimate jewelry business. Matthew James Addy, 34, of Lancaster,
Pennsylvania, pled guilty to a single charge of securities fraud...
An Arizona man was arrested and charged with operating a Ponzi scheme that cost its victims over $1 million. Allen Leroy Kayser, 60, was arrested by Arizona state police and charged with nine counts of securities fraud, five counts of first-degree theft...
Five of Bernard Madoff's closest employees are set to begin trial on Tuesday to face charges that they played key roles in assisting Madoff orchestrate the largest Ponzi scheme in history. Jury selection is set to begin Tuesday for the five, who consist...