Tag Ponzi

Regulators were told of Stanford fraud, ignored it

Not only did the SEC and other regulatory agencies ignore warnings as early as 2003 that Allen Stanford was running a Ponzi scheme, their primary reason why they couldn’t investigate him was bogus. They said the money was offshore and…

Madoff was just the start

SEC pursuing another $1 billion Ponzi scheme Um, since the SEC totally missed Madoff, even though they had been specifically warned about him, that they’ve just found another Ponzi scheme would seem to indicate that many more such schemes are…