Word: ponzi
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Dates: during 2000-2009
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...long-awaited report from the inspector general at the Securities and Exchange Commission concluded that the SEC received six "substantive" complaints from June 1992 to December 2008 that could have uncovered disgraced financier Bernie Madoff's Ponzi scheme as early as 1992 if it had "properly examined or investigated" Madoff's trading practices...
...whose family was forced to sell their home after being wiped out in Madoff's scam, spoke with TIME about the origins of the affair, how her family has reacted to the book and what may have motivated Madoff to put together what's considered to be the largest Ponzi scheme of all time. (See pictures of the demise of Bernard Madoff...
People have suggested the fact that Ruth Madoff didn't know about this affair suggests she may not have known about the Ponzi scheme, since she was completely unaware of an element of her husband's life. Do you agree? Well, our affair was a very small part of his life. If it took up a great amount of his life, she would have found out about it, because she was very much into the business. So I don't really see the analogy. I know her attorney may see the analogy, but I don't really...
...made money. This was in preparation for a discussion called the Future of the Stock Market that I was moderating; Madoff was a participant. (It's a big hit on YouTube - just Google "Madoff video.") Sadly, he didn't happen to mention the now infamous Ponzi scheme he was running two floors below us. At issue was his legit business, a brokerage that had long been one of the biggest marketmakers (the firms responsible for keeping trading going) on the Nasdaq exchange...
...jail doors had barely slammed behind Bernie Madoff before publishers were racing to be first in the scandal's inevitable book sweepstakes. The victims of Madoff's Ponzi scheme, in which more than 4,000 clients lost $65 billion, may have been wiped out, but there is still a chance to make a killing on a best seller. After intense jockeying for position, three Madoff tomes will hit the streets on Aug. 11, about 150 years before Bernie does...