Court of Appeals for the District of Columbia Circuit upheld a 2012 district court ruling that the Securities and Exchange Commission (SEC) failed to prove victims of the Ponzi scheme
are customers eligible for compensation by the Securities Investor Protection Corporation (SIPC) under the narrow definition of the law.
While this type of fraudulent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a Ponzi scheme
Members to this SRO were 20 of 22 consumer credit cooperatives participating in a large-scale Ponzi scheme
that operated in several Russian regions.
Pudit Kittithradilok, 34, admitted to the court on Friday of running a Ponzi scheme
whereby he promised investors artificially high financial returns, reports the BBC.
The Madoff Ponzi scheme
defrauded investors of between $10 billion and $65 billion (Carozza, 2009).
David Gledhill, chief information officer at the bank said, 'We see bitcoin as a bit of a ponzi scheme
Murphy invested $7 billion into Madoff's Ponzi scheme
before it collapsed in 2008, leaving Murphy without a job.
Pearlman's PS230 million Ponzi scheme
was uncovered in 2006.
Congress continues to magnify the Ponzi scheme
by extravagant spending, far in excess of the government's income.
An ad hoc committee set up by Bulgariaas Parliament to look into the collapse of the countryas fourth-largest lender last week releasedA its conclusions, in which it saidA Vasilev had been running the bank as a Ponzi scheme
which led to its insolvency.
But the multi-millionaire has been "stung" by a Ponzi scheme
in the US state of Michigan, where she is believed to have bought more than 100 houses.
The apex court, while disposing of a PIL seeking a direction to CBI probe into Rs700 crore ponzi scheme
scam involving firms other than Saradha in West Bengal, said "we have made it clear to CBI that it will have to investigate the cases which have been transferred to it.