Ponzi scheme

National

A Decade After Madoff Ponzi Scheme Failed, Money Is Still Being Recovered

8:04am December 16, 2018

by Lulu Garcia-Navarro

Irving Picard, a lawyer leading the liquidation the collapsed investment firm, says lawsuits and forensic accounting have gotten back almost 70 percent of what was feared lost — some $13 billion.

Lou Pearlman (center) poses with *NSYNC Chris Kirkpatrick, JC Chasez, Lance Bass, Joey Fatone and Justin Timberlake at N.Y.P.D. pizza in Miami, circa 1996.

Lou Pearlman, Boy Band Manager And Ponzi Schemer, Dies In Prison

2:34pm August 21, 2016

by Merrit Kennedy

Lou Pearlman, the impresario behind boy band giants such as the Backstreet Boys and *NSYNC, has died in prison where he is serving a 25-year sentence tied to a $300 million Ponzi scheme.

A statue of Juan Ponce de León in San Juan, Puerto Rico.

Arts

#NPRreads: 3 Stories That Will Pass Into Legend

9:20am March 19, 2016

The deep history and literary roots of cowboy poetry. The messiness of family mythologies. And the visions — or delusions — for sale when athletes join forces with multi-level marketers.

World News

Ponzi Scheme In China Stole $7.6 Billion From Investors, Police Say

3:21pm February 01, 2016

by Bill Chappell

According to local media, some businesses had no idea they were being touted as investment opportunities by Ezubao, an online lender.

Irwin Lipkin, one of Bernard Madoff's longest-serving employees, covers his face as he is pushed in a wheelchair leaving U.S. court in New York on Wednesday.

National

Irwin Lipkin, Last Of Madoff Defendants, Gets 6 Months In Prison

4:00pm August 06, 2015

by Scott Neuman

The 77-year-old was one of Bernard Madoff's first employees. He pleaded guilty three years ago to knowingly signing false documents, but has insisted that he thought the operation was legitimate.

Economy

Madoff's Victims Are Repaid Another $355 Million, Trustee Says

3:39pm February 09, 2015

by Bill Chappell

More than half of the accounts with allowable claims against disgraced financier Bernard Madoff have now been fully repaid, according to the trustee handling recovery efforts.