money.cnn.com - 1/13/2009
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(Fortune) -- Bernard Madoff seems once again to be borrowing from the Charles Ponzi playbook, in this case the final chapter. If so, he should be sure to read the fine print. Federal prosecutors acknowledged in court documents this week that Madoff's lawyer is "engaging in discussions concerning ...
online.wsj.com - 1/17/2009
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online.wsj.com —
Idaho securities regulators are investigating allegations that a
money manager in the state operated a long-running Ponzi...
scheme that cost investors as much as $100 million. Marilyn Chastain, securities bureau chief for the state's Department of ...
(more)
Idaho Man Accused of Ponzi Scheme
news.yahoo.com - 1/16/2009
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news.yahoo.com —
BOSTON (Reuters) Bernie Madoff's investment fund may never
have executed a single trade, industry officials say, suggesting...
detailed statements mailed to investors each month may have been an elaborate mirage in a $50 billion fraud. An industry-run ...
(more)
Madoff's fund may not have made a single trade - ...
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Blog Reactions
Write-Offs: 01.13.09
Dealbreaker —
$$$ What Madoff could learn from Ponzi [Fortune]
$$$ The Fall of the House of Weill [DB]
$$$ CEO Firings on the Rise [WSJ]
Daily Market Madness - Round 01.14
MadeMan.com —
... jet as evidenced by this photo. Not sure what the rest of us have to live for if you couldn't hack it with that setup.
"Our balance sheet is strong, if we get rid of all those pesky employees."
The Bailout Board Game! Make it a drinking game too. I guess that's all you can really do with it.
German vandals expose the photoshopping hidden within advertising. Danke!
Interview with a shoplifter. Ballsy!
What Madoff could learn from Ponzi, besides how to grow a sweet mustache.
How Palm will ...
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Take My Wife - But Leave Her Assets
dealbook.blogs.nytimes.com 3/5/2009 — Peter J. Henning, a professor at Wayne State Law School, occasionally writes as a guest blogger for The Deal Professor. Mr. Henning specializes in issues related to white-collar crime and is a former editor of the White Collar Crime Law Prof ...
Madoff Had Accomplices: His Victims
dealbook.blogs.nytimes.com 3/16/2009 — Tempers certainly ran hot on Thursday, as victims descended upon the federal courthouse in Manhattan to hear Bernard L. Madoff plead guilty to the biggest Ponzi scheme in history.
Many of the victims wanted help, and in some cases close to full ...
Ponzi du Jour and 'Ponzi-Palooza' From C.F.T.C.
dealbook.blogs.nytimes.com 3/2/2009 — Friday's suspected Ponzi scheme comes courtesy of the Commodity Futures Trading Commission, where a top official says that so many people are sending in tips that "there's a Ponzi-palooza out there."
The C.F.T.C. accused the owner of an unregistered ...
Madoff's Future: Where the Case Is Likely to Go
dealbook.blogs.nytimes.com 3/13/2009 — Peter J. Henning, a professor at Wayne State Law School, occasionally writes as a guest blogger for the Deal Professor. Mr. Henning specializes in issues related to white-collar crime and is a former editor of the White Collar Crime Law Prof ...
How a Blog Might Have Stopped Madoff
exchanges.nyse.com 2/4/2009 — Perhaps the biggest irony of the Bernard Madoff case is that Harry Markopolos, the investor-turned-investigator who for years warned other investors and the Securities and Exchange Commission that Mr. Madoff was running a Ponzi scheme, today is ...
More Good News: A Bear Market for Ponzis
paul.kedrosky.com 6/12/2009 — Among the more amusing perverse bits of information I have run across recently is this one: The collapse of ponzi schemes is running at an unprecedented rate in the current downturn. In other words, whatever you might say about other untoward ...
More Debt Won’t Rescue The Great American Ponzi
optionarmageddon.ml-implode.com 3/9/2009 —
[Reader note: recently Yves Smith asked me to contribute to her blog Naked Capitalism. I hope to generate a post a week that will be simul-published on NC and OA. This is the first installment.]
Policy-makers not only misunderstand the ...
Taleb Idiocy Watch
crossingwallstreet.com 4/16/2009 — I hope to be credited as the person who started this. More people are going to realize that Mr. Black Swan/Napoleon Dynamite has no idea what he's talking about:
Private-equity firms and the stock market share characteristics of Ponzi schemes, ...
On protectionism c. 1909
divisionoflabour.com 6/15/2009 — The June 15, 1909 NYT prints an editorial focusing on how protectionism, specifically the tariff, harms the "little guy":It does not seem right that we should make the wage earner bear the expense of the Government by paying him larger wages and then ...
Wave of “Anti-Ponzi” Legislation May be Coming
securitiesdocket.com 3/5/2009 — Several states and Congress are considering new legislation as part of an effort to prevent future Ponzi schemes. The National Law Journal reports that Florida and Connecticut lawmakers have both proposed legislation in this area, and that the U.S. Congress has, as well.
In Florida, ...
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