Word: ponzis
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...Ponzimonium: financial turmoil in the wake of uncovering Ponzi schemes...
...career and others may suffer," says Schindler. Whether a federal court will hold the SEC accountable for the "human failings of one or more personnel" is the question, he says. If it does, though, he says the ruling would open the floodgates for people to make claims in every Ponzi scheme...
...There would be a backlash to Congress bailing out billionaires who lost a few hundred million as a result of the Madoff scandal," says Evans. "But there are people who are affected by the Ponzi scheme who I think we all agree are deserving of a helping hand...
...result was a missed opportunity to uncover Madoff's Ponzi scheme 16 years before Madoff confessed," the report said. "The SEC had sufficient information to inquire further and investigate Madoff for a Ponzi scheme back...
...When Madoff's Ponzi scheme finally collapsed in 2008, an SEC Enforcement attorney testified that it took only 'a few days' and 'a phone call to DTC' to confirm that Madoff had not placed any trades with his investors' funds," the report said...