Taneja Bankruptcy Trustee Initiates 45 Lawsuits in Connection with Ponzi Scheme
Fraudulent Transfer Suits Aim to Recover Millions from Culpable Parties WASHINGTON, July 27  /PRNewswire-USNewswire/ -- Wiley Rein LLP partner H. Jason Gold, the Chapter 11 bankruptcy trustee appointed by the United States Bankruptcy Court for the Eastern District of Virginia in the case of Vijay Taneja, announced today that he has filed 45 lawsuits seeking to recover almost $614 million from companies and individuals that received money transferred out of bank accounts controlled by Mr.

Social Security a Ponzi Scam???
Today, Bloomderg the Mayor of New York City, mentioned something very interesting in his interview with CNN. He stated that the Social Security System is the biggest Ponzi scam ever. The correspondent that come one after he said this also agreed with his statement. He also stated this is were Madoff got his idea from in forming his business. Madoff studies the social security system and created a business that works on the same type of model. If this is the case then why is Madoff getting punished????

Bernard Madoffýs Giant Ponzi Scheme: Careful Investors Should Have Known
In what could be the largest case of fraud in Wall Street history, Bernard Madoff allegedly conned $50-billion out of investors Not small-time, unsophisticated, gullible people either

Explaining the Ponzi Scheme
Every time I hear about Bernard Madoff and his arrest, this term is always attached to his name: the Ponzi scheme Who or what in the world is that