The Hit Charade: Lou Pearlman, Boy Bands, and the Biggest Ponzi Scheme in U.S. History
San Fransisco Chronicle (Free subscription) | yesterday
An investment fund manager from Tennessee drew a 14-year prison sentence Wednesday in a $33 million Ponzi scheme that cheated more than two dozen investors in the United States, Germany and Costa Rica. Paul Knight, one of four people convicted of conspiracy,... United States - Germany - Collective investment scheme - Ponzi scheme - Tennessee
DealBook (Free subscription) | yesterday
The Securities and Exchange Commission filed an emergency court action against Rockford Funding Group, accusing the private equity firm of running an "early-stage Ponzi scheme" and seeking to freeze all of its assets.
Seattle Post-Intelligencer (Free subscription) | yesterday
ROCHESTER, N.Y. -- An investment fund manager from Tennessee drew a 14-year prison sentence Wednesday in a $33 million Ponzi scheme that cheated more than two dozen investors in the United States, Germany and Costa Rica.
Seattle Times (Free subscription) | yesterday
An investment fund manager from Tennessee has received a 14-year federal prison sentence in a $33 million Ponzi scheme that cheated more than two dozen investors in the United States, Germany and Costa Rica.
Fox News (Free subscription) | yesterday
An investment fund manager from Tennessee drew a 14-year prison sentence Wednesday in a $33 million Ponzi scheme that cheated more than two dozen investors in the United States, Germany and Costa Rica.
StarTribune.com (Free subscription) | yesterday
Gerard Frank Cellette Jr., 44, a printer accused of running a $53 million Ponzi scheme, is charged with 36 counts of securities fraud and is cooperating with prosecutors.
SECLaw.com (Free subscription) | yesterday
Sometimes good things come from a massive failure. Ever since the mis-steps of the SEC have come to light, the SEC has been pouncing on various frauds and schemes and taking swift action. It was typical for the SEC to be the last one on the scene, franticly trying to close the barn door after all of the horses had left and were scattered to parts unknown. In the last few months we have...
Daily Advance - Business (Free subscription) | yesterday
ROCHESTER, N.Y. — An investment fund manager from Tennessee drew a 14-year prison sentence Wed...
M.G. in Progress (Free subscription) | 12/09/2009
Few weeks ago I was writing that "Somebody thinks that governments may run a Ponzi scheme, which is a financial organization with liabilities and no assets backing those liabilities. The scheme can last only as long as everyone believes the debt can be paid back" . Yesterday Greece saw its rating downgraded to the lowest level in the eurozone amid fears over its deteriorating...
WAAY - WAAY News and Home (Free subscription) | yesterday
Associated Press - December 9, 2009 9:45 AM ET ROCHESTER, N.Y. (AP) - A federal judge in Rochester is weighing punishment for a Tennessee man who helped bilk more than two dozen investors in...
Boston Herald (Free subscription) | yesterday
ROCHESTER, N.Y. - A federal judge in Rochester is weighing punishment for a Tennessee man who helped bilk more than two dozen investors in the United States, Germany and Costa...
New York Post (Free subscription) | yesterday
ROCHESTER, N.Y. — A federal judge in Rochester is weighing punishment for a Tennessee man who helped bilk more than two dozen investors in the United States, Germany and Costa Rica out of $33 million. Paul Knight of Kodak, Tenn., could get up to 21 ...
WAAY - WAAY News and Home (Free subscription) | yesterday
Associated Press - December 9, 2009 12:35 PM ET ROCHESTER, N.Y. (AP) - An investment fund manager from Tennessee has drawn a 14-year federal prison sentence for helping to orchestrate a $33...
Moonbattery (Free subscription) | 12/08/2009
Bill Frezza discovered that our rulers have abandoned the pretense that Social Security is anything but an unsustainable Ponzi scheme when his 26-year-old son received a startling admission from Big Government in the mail: The two-page pamphlet entitled "What young...
Salt Lake Tribune (Free subscription) | 12/08/2009
The owners of Twin Peaks Financial Services of Riverton operated a Ponzi scheme that now owes 90 investors at least $21 million, according to a report filed Monday in bankruptcy court.
