This is a list of Ponzi schemes, fraudulent investment operations that pay out returns to investors from money paid in by subsequent investors rather than from any actual profit earned from the operation of a business.
Other notable (but involving smaller amounts of money) Ponzi schemes include:
{{cite web}}
: CS1 maint: archived copy as title (link) Keyfetz, Lisa, "The home ownership and equity protection act of 1994: extending liability for predatory subprime loans to secondary mortgage market participants". Loyola Consumer Law Review, Vol 18:2, pp, 165–66. Retrieved August 29, 2007.
{{cite web}}
: CS1 maint: archived copy as title (link)
{{cite web}}
: CS1 maint: archived copy as title (link)
townandcountry
was invoked but never defined (see the help page).The two brothers attracted worldwide attention in December 2008 after they alerted federal agents that their father, a respected Wall Street statesman, had confessed to them that his private investment management business was a vast Ponzi scheme. Based on that report, the senior Mr. Madoff was arrested the next morning, Dec. 11, 2008.
Unknown to almost all of his subscribers, that publisher was Mark David Madoff, the older son of the convicted swindler Bernard L. Madoff.
{{cite web}}
: CS1 maint: multiple names: authors list (link)
{{cite web}}
: CS1 maint: archived copy as title (link)