Plaintiffs believe it was a classic Ponzi scheme, where Sweesy paid out dividends with new money.
Investigators and forensic accountants are continuing to unravel the finances of the complicated Ponzi scheme.
The deadline is the latest development in one of the largest Ponzi schemes in U.S. history.
Hedge fund managers gone bad, Ponzi schemers and disbarred lawyers all love South Florida.
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In some ways the aftermath of the Madoff scam is much like the Ponzi scheme itself.
There remains some dispute about when Madoff turned his operation into a Ponzi scheme.
Hedge funds became synonymous with Ponzi schemes, redemption struggles, federal prosecutions and massive losses.
For example, Henry Markopolos spent nearly a decade attempting to expose the billion-dollar Madoff Ponzi Scheme.
Three decades later Picower would again claim he had been duped by a Ponzi schemer.
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Ruderman ran his Ponzi scheme from 2003 through 2009, targeting family members and close friends.
In fact, she went so far as to call her employer a Ponzi scheme.
Stanford Financial, whose CEO Allen Stanford was arrested in 2009 for running, well, a Ponzi scheme.
Federal officials arrested Bernard Madoff last week and charged him with running a giant Ponzi scheme.
Without it, a few too many hedge funds become Ponzi schemes or outright fraud.
Last week, the Wall Street titan was arrested and charged with running a massive Ponzi scheme.
In addition, investors have faced Ponzi schemers like Bernie Madoff and Alan Stanford and many others.
For more details of this Ponzi scheme, read the Complaint in the CFTC v.
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So, who exactly was Cornett at the time he was duping all his Forex Ponzi victims?
FORBES: Convicted Bank Fraudster Starts Forex Ponzi After Prison
In fact at one time Ponzi king Madoff was the vice-chairman of FINRA predecessor, NASD.
That is also exactly what Charles Ponzi wanted his investors to think back in 1920.
But Wall Street's most famous Ponzi scheme was, like the present one, no small affair.
In all likelihood, Mr. Madoff was not running a pure Ponzi scheme, but had real assets.
Hence, there is no ponzi scheme, just the same old annual increase to the national debt.
Imagine if a service existed to alert investors to ponzi-scheme artists like the next Bernie Madoff!
FORBES: Here's How Investors Can Avoid Being Duped or Victimized By Another Madoff
The Complaint alleges that Blankenship used these funds for Ponzi payments and his personal expenses.
Allen Stanford, the world's second-greatest alleged Ponzi schemer behind Mr. Madoff, is slated for trial this week.
The Madoff Ponzi scheme and the greatest Depression since the 1930s were even harsher wake-up calls.
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Investors, crying Ponzi scheme, are suing Howell's estate and those they claim gave him a helping hand.
The agency has been under fire lately for completely missing the alleged Ponzi scheme of Bernard Madoff.
"It's beginning to look like it may have been a very sophisticated Ponzi scheme, " worries Alan M.
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