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This Day In Market History: Bernie Madoff Arrested
Monday, December 11, 2017 - 11:10am | 430Read More...Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On this day in 2008, Bernard Lawrence “Bernie” Madoff was arrested on charges of fraud after orchestrating the largest Ponzi scheme in history. Where Was The Market...
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Koch Brothers Made $21.5 Million From Investments With Bernie Madoff, But Will They Get To Keep The Money?
Friday, June 3, 2016 - 1:04pm | 333Read More...Charles and David Koch are billionaire brothers that run Koch Industries. They're known for their savvy investments in various sectors, but one of their investments may have flown under the radar: An investment with Bernie Madoff. The Koch brothers invested an unknown amount of money with...
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Puerto Rico's Default Hurts Local Investors The Most
Monday, May 2, 2016 - 1:06pm | 332Read More...Things keep going from bad to worse in debt-swamped Puerto Rico. The island nation missed yet another round of debt payments on Monday, and many investors are concerned about the ultimate impact of a financial collapse in Puerto Rico. In a new interview with WNYC, Puerto Rico Clearinghouse’s...
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UDF Down Much More As Forbes Story Circulates
Friday, February 5, 2016 - 5:05pm | 372Read More...In an article out Friday, Forbes author Brad Thomas uncovered new information regarding United Development Funding IV (NASDAQ: UDF), the alleged "Ponzi-scheme" and the anonymous poster who circulated the allegation. The piece outlined how hedge fund investor Kyle Bass recently launched a website,...
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Anonymous Author Responds To UDF Statement: Enron, Madoff And Stanford Started With SEC Fact-Finding Investigations
Friday, December 11, 2015 - 1:03pm | 872Read More...Shares of United Development Funding IV (NASDAQ: UDF) plunged 30 percent Friday morning and hit a new 52-week low of $7.05. An unnamed author on Harvest called the company a "Texas-sized scheme." UDF responded in a statement on Thursday, prompting the anonymous author to respond...
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EXCLUSIVE: Citron Says United Development Funding Appears To Be 'Ponzi Scheme' After Anonymous Report Circulates Street
Thursday, December 10, 2015 - 5:01pm | 304Read More...United Development Funding IV (NASDAQ: UDF) shares crashed more than 40 percent on Thursday afternoon after Ponzi scheme allegations circulated Wall Street. Speaking with Benzinga, Citron Research's Andrew Left said the company appears to be a Ponzi. This follows a tweet Left made, saying...
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Tales Of Modern Fraud – Telex Free
Wednesday, April 23, 2014 - 9:40am | 588Read More...One of the most tempting offers in the world of investing is the prospect of obtaining high returns with minimal risk. Unfortunately promises of this kind of nearly impossible combination are usually scams. "Telex Free" is a recent version of this fraud. After being run out of Brazil after...
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3 Of The Most Popular Investment Scams And How To Avoid Them
Friday, April 11, 2014 - 9:42am | 667Read More...When it comes to investment scams, there's nothing really new under the sun. Instead, modern scams usually make use of tried and true methods from the past, with a modern twist. As such, it is important to be familiar with some of the most popular investment scams. Here we will take a look at...
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Legacies of Shame: The White Collar Crime Epidemic in America
Saturday, February 2, 2013 - 4:17pm | 2713Read More...On Thursday, two prominent fraudsters were sentenced to lengthy prison terms, underscoring the seemingly epidemic levels of white collar crime in America. The prior day, former Illinois governor George Ryan was released from a federal penitentiary in Terre Haute, Indiana after serving more than 5...
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Facebook IPO, The Ultimate Ponzi Scheme?
Monday, May 7, 2012 - 1:52pm | 678Read More...Are retail traders excited for the Facebook IPO? Or do they secretly fear it? If you listen to the mainstream media, you'll be under the impression that Facebook's (NASDAQ: FB) initial public offering is slated to become the biggest of all time. Never mind the disappointing debut of Zynga (NASDAQ...
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Can American Traders Be Trusted?
Friday, September 16, 2011 - 1:55pm | 311Read More...My colleague, Steven Anfield, wrote an article yesterday asking if the European traders can be trusted. Clearly, there have been a few notable cases, in which a rogue trader has managed to blow a huge hole in certain banks' balance sheets, but those are minor incidents compared to what the American...
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Rick Perry is a Ponzi Scheme
Thursday, September 8, 2011 - 1:28pm | 780Read More...Rick Perry doubled down on stupid Wednesday night, re-affirming his stance that Social Security is a scam and a Ponzi scheme. "It is a Ponzi scheme to tell our kids that are 25 or 30 years old today, you're paying into a program that's going to be there. Anybody that's for the status quo with...
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Infographic: The Rise and Fall of Yahoo!
Wednesday, September 7, 2011 - 3:31pm | 252Read More...Botched outsourcing, Ponzi scheme accusations, and bad corporate hires are just some of the reasons for Yahoo!'s downfall. On a day when both of Carol Bartz and Tim Morse are being referred to as “clueless,” it's interesting (if not a little fun) to look back on the rise and fall of Yahoo! (NASDAQ...
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Cause It's 1, 2, 3, Strikes You're Out!!!
Thursday, September 1, 2011 - 10:36am | 510Read More...According to New York Times sports reporter Richard Sandomir, the much maligned deal between hedge fund titan David Einhorn and the New York Mets is over. Here is a statement from the team, courtesy of ESPNNewYork. "The New York Mets' Owners announced today that their period of exclusive...
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New York Mets Receiving Loan from Hedge Fund Manager
Wednesday, August 10, 2011 - 1:33pm | 433Read More...Currently third in the National League East, the New York Mets (58-57, 7.5 games out of wild-card lead) have something to look forward to besides next year. David Einhorn, President of Greenlight Capital (NASDAQ: GLRE), recently restructured an agreement with the New York Mets to help relieve...
