Plaintiffs believe it was a classic Ponzi scheme, where Sweesy paid out dividends with new money.
Investigators and forensic accountants are continuing to unravel the finances of the complicated Ponzi scheme.
In some ways the aftermath of the Madoff scam is much like the Ponzi scheme itself.
There remains some dispute about when Madoff turned his operation into a Ponzi scheme.
For example, Henry Markopolos spent nearly a decade attempting to expose the billion-dollar Madoff Ponzi Scheme.
This was before Muddy Waters, a research firm, called Sino-Forest a Ponzi scheme.
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Ruderman ran his Ponzi scheme from 2003 through 2009, targeting family members and close friends.
In fact, she went so far as to call her employer a Ponzi scheme.
Stanford Financial, whose CEO Allen Stanford was arrested in 2009 for running, well, a Ponzi scheme.
Federal officials arrested Bernard Madoff last week and charged him with running a giant Ponzi scheme.
Last week, the Wall Street titan was arrested and charged with running a massive Ponzi scheme.
For more details of this Ponzi scheme, read the Complaint in the CFTC v.
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But Wall Street's most famous Ponzi scheme was, like the present one, no small affair.
In all likelihood, Mr. Madoff was not running a pure Ponzi scheme, but had real assets.
Hence, there is no ponzi scheme, just the same old annual increase to the national debt.
That way they can be persuaded that it is no longer a giant Ponzi scheme.
The Madoff Ponzi scheme and the greatest Depression since the 1930s were even harsher wake-up calls.
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Investors, crying Ponzi scheme, are suing Howell's estate and those they claim gave him a helping hand.
The agency has been under fire lately for completely missing the alleged Ponzi scheme of Bernard Madoff.
"It's beginning to look like it may have been a very sophisticated Ponzi scheme, " worries Alan M.
How could a Ponzi scheme last as long as this one and reach so fantastic a sum?
He is accused of operating a multibillion-dollar Ponzi scheme from his investment advisory business, federal authorities said.
The argument is similar to how Paul Graham describes that Yahoo was a ponzi scheme in 1998.
The drama of the biggest Ponzi scheme in history will continue long past the second-anniversary of its exposure.
Bernard Madoff is currently serving a 150-year prison sentence for masterminding the largest Ponzi scheme in U.S. history.
His sons went to authorities two years ago and said that he had confessed the Ponzi scheme to them.
Picard says she established Bank Medici in Austria as a mechanism for shoveling investor money into the Ponzi scheme.
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Up until his sentencing, Berg maintained he did not run a Ponzi scheme.
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After the Mets' owners settled a lawsuit caused by the Bernard Madoff Ponzi scheme, they promised to resume spending.
Bernard Madoff was vice-chairman of NASD while he was running his ponzi scheme.
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