Word: ponzis
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...Once Madoff is imprisoned or dies, the circus of press coverage will die down. We will be left with only our memories of him and several dozen biographies that will come on and off the best seller list in a matter of months. (See a brief history of Ponzi schemes...
...busted a $23.4 million affinity Ponzi scheme aimed at the Haitian-American community that was operated by George Theodule and his Creative Capital Consortium LLC and Creative Capital Concepts...
...sure this is an unusual flow of Ponzis," says Katherine Addelman, SEC regional director in Atlanta. "But since Madoff, there's a lot more coverage. These cases are moving to the front page, and because of it more people are getting skeptical of these investments," she says. "They're more willing now to give information to us." Some Ponzi crooks are either so brazen or stupid, Addelman says, "they even solicit SEC staff members." (See pictures of TIME's Wall Street covers...
...does not keep statistics on Ponzis, according to John Heine, SEC deputy director of public affairs. "There are too many variations," he says. "It's hard to categorize a Ponzi vs. a pyramid scheme vs. something else...
...post-Madoff enforcement on Ponzis, Heine says there's been no official push to go after Ponzi schemers. "We go after them as they come in," he said...