Word: scheming
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...enacted, SEC examiners gave Madoff's organization, after registering as an investment adviser, a clean bill of health. Just months earlier hedge fund whistle-blower Harry Markopoulos had given SEC enforcement officials 29 red flags about Madoff's $50 billion fund, presciently calling it the world's biggest Ponzi scheme. Nobody cared. (See pictures of the demise of Bernard Madoff...
...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...
...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...
...Because virtually all employees are women, the previous owner of our company set a weekly scheme of 33 hours worked at 35 hours of pay so we could spend more time with children and families," says Estelle, a cosmetics sales woman in a Paris store who asks that her last name not be used. "The new owner is now seeking volunteers for 35 hours at no extra pay, as well as people for extra-time work for more pay. My fear is, before long none of that will be voluntary any more...
...government's insurance scheme will play a key role in efforts to prevent that. Under the plan, scheduled to run for at least five years, banks will pay a fee to the government for taking out a policy. Lenders will also shoulder a "first loss" amount - similar to the excess on an auto insurance policy - as well as roughly 10% of the remaining losses. In return for picking up the rest, the government will require banks to sign agreements binding them to increased rates of lending. Just how much risk that exposes the U.K. government to is unclear; the level...