Word: ponzi
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Dates: during 2000-2009
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...improve the current options available to the elderly and disabled who need care (Medicare does not cover long-term nursing-home stays, and Medicare funding for home health care would be cut under health reform); to critics, it's a fiscally unsound budget gimmick, "a classic definition of a Ponzi scheme," as Republican Senator John Thune of South Dakota described it late last week. (See 10 players in health care reform...
...destruction, put the economy on the brink of collapse. We will be sorting through the damage for years. Meanwhile, the living, breathing symbol of this economic sordidness, prisoner No. 61727-054, a.k.a. Bernie Madoff, rots away in a Butner, N.C., jail cell, doing 150 years for orchestrating the biggest Ponzi scheme in the history of humanity...
BERNIE MADOFF, jailed financier and Ponzi schemer, in a newly released interview with representatives of the Securities and Exchange Commission, which was part of an investigation into the SEC's failure to uncover Madoff's scam for 16 years...
Before Bernie Madoff admitted to running a massive Ponzi scheme, Jeffry Picower was known for being a philanthropist. With about $1 billion in assets, the Picower Foundation, which he started with his wife Barbara, supported causes like neuroscience research at MIT and public education in Florida. The largesse seemed a fitting testament to the Bronx, N.Y., native's ascent from accountant and lawyer to billionaire investor and buyout artist...
Recent ads have directed readers to madoffhelpline.com, a bare-bones site that consists of a few sentences and an e-mail address. "Have You Been a Victim of Bernie Madoff Ponzi Scheme?" asks the grammatically challenged site, which also misspells Madoff's name: "If you have been a victim of the Maddoff ponzi scheme and would Like to liquidate your fine art or jewelry at one of our future auctions contact us with a brief description of your inventory...