Word: ponzis
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...those bills - and what can't be - if he is going to sign them. He also needs to update the public on his stimulus plan, especially now that his Vice President inadvertently dissed it. And he needs to make a direct assault on the greedheads who created the Ponzi economy and are now trying to gut his plan to make them do business honestly. (See 25 people to blame for the financial crisis...
...Madoff's Ponzi scheme was an "extraordinary evil" - "not a bloodless crime," as the defense was trying to suggest, Chin said. He added that Madoff had not been forthcoming in helping authorities locate missing assets. "[Madoff] has not been helpful and not done all that he could or told all that he knows...
CONVICTED On May 19, former Democratic Party fundraiser Norman Hsu, 58, was found guilty of campaign-finance fraud. He faces up to 20 years in prison for the conviction and another 20 for operating a Ponzi scheme, to which he pleaded guilty...
...turbulent center of the post-Madoff world, a world that includes multi-billion dollar feeder fund lawsuits, multi-million dollar deals with international banks, and, less grand, the issuing of multi-hundred thousand dollar checks to the nearly 7,000 direct account holders caught up in Madoff's massive Ponzi scheme. (See pictures of the demise of Bernard Madoff...
...bankrupt firm for the benefit of the estate and its creditors. Consequently, Picard is using his authority to collect from customers who received preferences, non-existent principal, and/or payouts of fictitious profits to the detriment of other defrauded customers whose money was consumed by Madoff's global Ponzi scheme...