// archives

Ponzi scheme

This tag is associated with 1 posts

Madoff Goes to Jail

By SplendidMarbles ⋅ March 12, 2009 ⋅ Post a comment

3.12.09- Disgraced, but dapper financier Bernard L. Madoff was handcuffed and sent to jail today after pleading guilty to running the biggest Ponzi scheme in human history. The 11 counts of fraud, money laundering, perjury and theft that Bernie pleaded guilty to carry maximum terms totaling 150 years. (My God! he’ll be 220 years [...]

Happy New Year!

By SplendidMarbles ⋅ December 31, 2008 ⋅ Post a comment

12.31.08- Happy New Year to all! Even though this year is ending with the unraveling of the biggest Ponzi scheme in the history of finance and the start of another ugly conflict in the Middle East, there is still reason to hope for better in 2009. I know I’ve been a cynical bastard most of [...]

—

Main Marbles

  • No categories