Tag Archive

Ponzimonium in Sight

By alex.foti

US watchdog fears market Ponzimonium
By Javier Blas,  March 20 2009
US federal regulators have warned of a “rampant Ponzimonium” as they disclosed they are investigating “hundreds” of possible scams in the aftermath of the $50bn fraud allegedly perpetrated by Bernard Madoff.
Bart Chilton, a commissioner at the Commodities Futures Trading Commission, the US regulator, said the watchdog [...]

Madoff, Raju, Ponzi & Co.

By alex.foti

ROGUES GALLERY
By Stanley Pignal
In retrospect, it did seem odd that Jérôme Kerviel hadn’t taken any holiday for a couple of years. But so what? The young trader was an affable colleague, diligent to the point of staying late and always courteous to the back-office staff. Being away from work forced him to confront the death [...]