Markets

Who is Harry Markopolos? The famed Madoff whistleblower has likely already made millions after publishing a report accusing General Electric of fraud

Age: 62 Family: Markopolos is married to Faith Markopolos, who also works in the financial industry. They have three sons. Where is he from: He’s from Eerie, Pennsylvania. He’s the oldest of three children, and his parents, Georgia and Louis Markopolos, ran Greek-American restaurants. Career: Markopolos started his career on […]
Who is Harry Markopolos? The famed Madoff whistleblower has likely already made millions after publishing a report accusing General Electric of fraud
Markets

Luxury cars, private jets, and piles of cash: Warren Buffett inadvertently funded the lavish spending of a couple accused of running an $800 million ‘Ponzi-type’ scheme

Warren Buffett may have inadvertently helped fund the lavish lifestyle of a couple as part of what the FBI calls an $US800 million “Ponzi-type” scheme, according to Bloomberg. Buffett’s Berkshire Hathaway conglomerate invested $US340 million in DC Solar. DC Solar ‘s owners Jeff and Paulette Carp off allegedly splurged millions […]
Luxury cars, private jets, and piles of cash: Warren Buffett inadvertently funded the lavish spending of a couple accused of running an $800 million ‘Ponzi-type’ scheme
Markets

A Bugatti Veyron, a Gulfstream private jet, and a $330,000 diamond ring: Feds charge 3 men for alleged $364 million Ponzi scheme to fund lavish lifestyle

Federal prosecutors have charged three men in connection with an alleged $US364 million Ponzi scheme that could have more than 400 victims nationwide. The men were indicted on charges of conspiracy, wire fraud, identity theft, and money laundering. The indictment alleges that the three men took $US73 million of investors’ […]
A Bugatti Veyron, a Gulfstream private jet, and a $330,000 diamond ring: Feds charge 3 men for alleged $364 million Ponzi scheme to fund lavish lifestyle
Markets

Bernie Madoff’s Ponzi scheme ignited a $363 billion exodus by investors

Bernie Madoff was convicted in the largest Ponzi scheme in history 10 years ago. According to researchers at Cornell University, the aftershock of Madoff’s crimes caused $US363 billion in withdrawals from investment funds unrelated to him. Many people who pulled their money suspected that their advisers were also fraudulent. Bernie […]
Bernie Madoff’s Ponzi scheme ignited a $363 billion exodus by investors