ponzi scheme

Prosecutors: Ex-Madoff Employees Assisted Scheme
Bernard Madoff could not have pulled off history's biggest Ponzi scheme without assistance from five greedy employees who helped him lie to thousands of investors and federal regulators, a prosecutor told jurors at the opening of a five-month criminal fraud trial, the first to result from a len…
Ex-NBA Player Convicted of Fraud
A former NBA player best known for his 1990 tournament buzzer-beater for the University of Connecticut was convicted Monday of four counts of federal wire fraud in a Ponzi scheme that netted him $2 million.

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