Elon Musk recently made headlines by asserting in a podcast that Social Security “is the biggest Ponzi scheme of all time.” ...

The scheme is named after Charles Ponzi, an Italian con artist who scammed thousands in the 1920s in the U.S. He promised people 50% returns in 45 days and was so convincing that people sold their ...

A Ponzi scheme is a fraudulent investment system that pays existing investors with funds collected from new investors. Musk ...

Christopher Kamon was sentenced to 10 years in prison for his role in stealing millions of dollars from Tom Girardi's clients ...

The signing into law of the Investment and Securities Act (ISA) 2025 by President Bola Tinubu is probably the most ...

Kevin Bacon makes a rare comment about his experience of losing money to Bernie Madoff in the late financier's Ponzi scheme in the 2000s.

The California Court of Appeal upheld a prior ruling that the influencer may have defamed the producer by saying he was ...

Madoff was arrested in 2008 after news broke that he ran one of the largest Ponzi schemes in American history,embezzling an ...

A Miami business owner caused over $40 million in losses across almost five years after being charged with allegedly running ...

Kevin Bacon discussed losing money in former financier Bernie Madoff's Ponzi scheme nearly two decades ago, when the criminal ...

She promised the next Bitcoin. What investors got instead was a $4 billion black hole—and a fugitive who hasn’t been seen ...

Dr. Ruja Ignatova allegedly conned billions from investors in a multi-level marketing Ponzi scheme using the guise of the ...