By Danny Fenster ticklethewire.com In the NCAA tournament of 1990, down by one point and nearing the final buzzer, Tate George caught a full-court pass, spun around once and released a 15-foot shot with one second left in the game. The ball dropped through the hoop and UConn beat Clemson by one point. George…
By Allan Lengel ticklethewire.com Swindler Bernie Madoff, the king of Ponzi scams, told the New York Times that his family new nothing about his crimes, and that banks and hedge funds were “complicit” in his fraud and knew he was up to no good. From prison on North Carolina, Madoff said banks and hedge funds…
By Allan Lengel For AOL News WASHINGTON — FBI agents are supposed to unearth scams, not become victims of them. This time is different. Some 300 retired and current federal agents — representing the FBI, the Drug Enforcement Administration and Immigration and Customs Enforcement — collectively invested tens of millions of dollars of retirement money…
By Allan Lengel ticklethewire.com No question Bernie Madoff crossed paths with some interesting folks with some interesting stories while schmoozing and gallivanting about in Palm Beach and Manhattan and places afar. Still, they may not be as interesting as the folks he’s keeping company with these days in federal prison in North Carolina. The Associated…
By Allan Lengel ticklethewire.com Former NFL player Reed Kyle Diehl is in big trouble for clipping — yes clipping investors in a $5 million Ponzi scheme. The 30-year-old former offensive lineman for the Tennessee Titans pleaded guilty Monday in Santa Ana, Calif., to fraud charges in connection to a Ponzi in which he “collected funds…
Well, 150 years is a lot, but quite appropriate. There’s no way to make up for the damage he did. By Thomas Zambito, Jose Martinez and Corky Siemaszko New York Daily News NEW YORK — Ponzi king Bernie Madoff got the max Monday – 150 years in prison – for engineering a $65 billion fraud…
Update: Stanford Indicted Friday Morning (N.Y. Times) It’s been hard to stomach seeing that swindlers like R. Allen Stanford and Bernie Madoff not only lived the good life, but enjoyed the respect of so many people who admired their wealth. By MARY FLOOD and TOM FOWLER Houston Chronicle HOUSTON — Federal prosecutors are expected to…
Bernie Madoff may have had the most infamous Ponzi scheme of all time (short of Charles Ponzi), but there are still investors out there getting bilked of their retirement savings and other funds by scammers. First, we have Ponzi schemer Donald Manning sentenced to over 5 years in prison for taking $4.5 million in cash…
