Miami Businessman Charged With Running $900 Million Ponzi Scheme

Miami Businessman Charged With Running $900 Million Ponzi Scheme

It’s not exactly Bernie Madoff’s $65 billion, but the Securities And Exchange Commission has charged a Florida businessman with operating a $900 million Ponzi scheme, telling people they were investing — risk-free and at interest rates upward of 26% — in his grocery business, when in fact he was just using the money to fund his lavish lifestyle. [More]

Bernie Madoff's Daughter-In-Law No Longer Wants To Be A Madoff

Bernie Madoff's Daughter-In-Law No Longer Wants To Be A Madoff

What’s in a name? Just ask Stephanie Madoff, daughter-in-law to imprisoned Ponzi schemer Bernie Madoff. Seems like Stephanie is finding that the surname she took when she wed Bernie’s boy Mark isn’t just a badge of shame — it’s also a threat to her life. That’s why she has petitioned a Manhattan court for a name change. [More]