Seems that Vahedi was a busy fellow because in addition to his multi-million-dollar Ponzi scheme, he also submitted at least 250 fraudulent loan applications replete with falsified employment and income records.
Liberal Democrats accused the Conservative cabinet of putting inexperienced staff in charge of the multi-million pound scheme.
BBC: NEWS | UK | England | Southern Counties | Staff 'not to blame' for bus cost
The multi-million pound scheme could help ease chronic congestion in the city by taking buses off key roads.
There has been some evidence that Madoff relied on a core group of investors who provided Madoff with cash in key moments during the multi-decade Ponzi scheme to solve liquidity issues.
FORBES: Carl Shapiro Could Still Go To Jail Over Madoff Ponzi
However, councillors have turned down the multi-million pound scheme.
Y, this morning and charged him with trying to defraud Zuckerberg and Facebook in a multi-billion dollar scheme that involved filing a bogus lawsuit that claimed Ceglia had once been promised a 50% stake in Facebook.
FORBES: Feds Charge Paul Ceglia Of Trying To Bilk Facebook And Mark Zuckerberg
This week, a federal judge in Texas delayed the trial of one-time Forbes 400 billionaire Allen Stanford, who is charged with running a multi-billion dollar Ponzi scheme.
FORBES: Jailed Billionaire Stanford: Drug Addicted, Delirious, Possibly Brain Damaged
It promises to slash corruption in India's multi-billion dollar rural jobs guarantee scheme by paying salaries through bank accounts linked to the identity number.
Herbalife, a nutritional supplement company that uses a multi-level marketing approach, was labeled a pyramid scheme by Ackman days before Christmas, dropping the stock down more than 15 percent.
FORBES: Talks of Carl Icahn Getting a Piece of Herbalife, Joining Loeb in Long Position
The councillors see the scheme as complementing other developments such as the Fens Waterway Link, a multi-million pound project by the Environment Agency, British Waterways and Lincolnshire County Council.
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