Ackman may end up being right about Herbalife, a company he says is operating a pyramid scheme.
The U.S. Attorney in Manhattan, Preet Bharara, recently said this conduct was tantamount to Full Tilt operating a Ponzi scheme.
As for the disaster that was Bernie Madoff, the now imprisoned financier tricked regulators for years while operating a Ponzi scheme right under their noses.
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At the Harbor Investment Conference Feb. 13, Ackman said that there will be traders who profit from rallies in Herbalife shares, but that he remains resolute in the belief the company is operating a pyramid scheme that will ultimately be targeted by regulators.
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Under EEJ-Net, a UK consumer who, for example, had a claim against a trader in another EU member state would be able to approach the UK clearing house, which would obtain information from its opposite number in the other country about any suitable out of court scheme operating there.
The scheme, operating since last August, has been offering cheap funds to banks and building societies, on condition they then lend the money to personal and business customers.
He is accused of operating a multibillion-dollar Ponzi scheme from his investment advisory business, federal authorities said.
Even more worrisome for NT: In the grand scheme of building a network, a particular operating system is not all that important.
According to federal prosecutors, on or about January 1, 2012, U.S. Army Sergeant Regionald Dixon, 30, and another co-conspirator sergeant participated in a scheme to steal JP8 jet fuel from Forward Operating Base Fenty, which is located near Jalalabad, Afghanistan.
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So Gerber hit on a different cash-out scheme two years ago: turn another mutual fund into an operating company and have that entity buy out Ameristock Corp.
Gill's placement in the sensitive intelligence job has alarmed government officials because it fits the operating theory of prosecutors and investigators that Alamoudi was part of a long-term scheme by Islamic extremists to place friendly, if perhaps unwitting, associates in key U.S. government positions.
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Several hundred American troops have been operating at Colombian bases for almost a decade under Plan Colombia, a fairly successful aid scheme under which the United States has provided training and intelligence help against Colombia's drugs and guerrillas.
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He did so at the insistence of SEC regulators, after they had bungled yet another investigation of tips that Madoff was dishonest. (You can find details of that and other failed SEC investigations of Madoff in The Wizard of Lies, my book on his historic Ponzi scheme.) Unable to find any sign of fraud, regulators concluded that Madoff was merely operating as a money-manager without having registered.
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