In 2023, the bank had to pay $1.2 billion in a settlement that claimed the bank was involved in a Ponzi scheme started by Robert Allen Stanford, the former chairman of Stanford International Bank.

It’s been more than 15 years since federal authorities put an end to Bernie Madoff’s massive and destructive Ponzi scheme but the Justice Department is only now distributing final compensation ...

It’s been more than 15 years since federal authorities put an end to Bernie Madoff’s massive and destructive Ponzi scheme but the Justice Department is only now distributing final compensation ...

Nigeria’s Securities and Exchange Commission, SEC, has vowed to deal with Ponzi scheme operators and ‘bad operators’ in the country’s capital market. Director General of SEC, Dr. Emomotimi ...

The DOJ announced Monday that it began distributing its tenth and final payments of forfeited funds to 40,930 victims of Madoff’s scheme, the largest known Ponzi scheme to date. The final ...

Martin O’Malley. Sen. Ron Johnson (R-Wis.) previously called Social Security a “Ponzi scheme” in one of many attacks on the program, but O’Malley argues that’s “bull.” “It’s been ...

WASHINGTON -- The fund disbursing money to the victims of Bernie Madoff's legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of ...