A New Jersey man convicted of defrauding investors of roughly a quarter-billion dollars is among a growing number of people granted clemency only to to be charged with new crimes. Source: New York Times
Posts published in “Ponzi and Pyramid Schemes”
‘An Evil Man Died’: Victims’ Animosity Toward Madoff Outlives Him
By Gotham Rex on April 14, 2021
For many of the victims of Bernard L. Madoff’s massive Ponzi scheme, his death on Wednesday did not assuage their bitterness. Source: New York Times
Bernard Madoff, Architect of Largest Ponzi Scheme in History, Is Dead at 82
By Gotham Rex on April 14, 2021
His enormous fraud left behind a devastating human toll and paper losses totaling $64.8 billion. Source: New York Times
A Timeline of the Nxivm Sex Cult Case
By Gotham Rex on October 27, 2020
Keith Raniere, the group’s leader, styled himself a visionary, but a jury found him guilty of racketeering, sex trafficking and other charges. Source: New York Times