Word: scammed
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Madoff arrived at court in a dark suit and bulletproof vest, and proceeded to deny his victims even the catharsis of a trial with his plan to plead guilty to 11 felony counts. That surrender enraged some who feared this was one more scam, to protect his family and conceal his true villainy. He still faces 150 years in prison. "I hope his time in jail will be hell on earth," said victim Joan Sinkin, 75, of Boynton Beach...
...Erzra Merkin, a major "feeder fund" to Bernie Madoff's $65 billion Ponzi scam, was charged today with fraud and deception by New York State Attorney General Andrew M. Cuomo...
...clear she'd survive without him. Their relationship is not a road to an altar; it's about being with someone who gets you. It's mature love, in short, even if it's set in a glamorous cloak-and-dagger world where the goal is to scam the bosses into funding your fabulous lifestyle...
...comments come in the wake of numerous Ponzi scheme crimes, most notably Bernard Madoff's $65 billion scam, which Shulman said was tragic but raised a "staggering array of tax and pension implications for the victims," many of whom have lost entire life savings and retirement accounts. (Read "Another Victim of the Ponzi Schemers...
...Service is bracing for a deluge of amended tax returns from tens of thousands of victims caught up in the recent wave of multibillion-dollar Ponzi schemes and other frauds, most notably the sensational swindle perpetrated by Bernie Madoff and R. Allen Stanford's $8 billion certificates-of-deposit scam...