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Keeping close watch on CBI to see if BJP influencing Saradha probe TMC

Sep 07, 2014

Keeping close watch on CBI to see if BJP influencing Saradha probe TMC

"If the BJP-led government at the Centre is involved in any conspiracy against us, it will also face the consequence," TMC leader cautioned. #Enforcement Directorate #TheySaidIt #Ponzi scheme #Investigation #ED #Sudip Bandyopadhyay #Chit Fund #Saradha Chit fund scam #Saradha scam #ED officials
How Chidambaram, UPA have turned India into a ponzi scheme

Feb 18, 2014

How Chidambaram, UPA have turned India into a ponzi scheme

What this means in simple English is that the government is issuing fresh bonds and raising money to repay maturing bonds as well as to pay interest on the existing bonds. #HowThisWorks #Economy #India #Narendra Modi #Harvard #Chidambaram #Ponzi scheme #Bond #Union Budget #Vote on account #Budget 2014
US judge approves JPMorgan's $543 mn deal to settle Madoff claims

Feb 05, 2014

US judge approves JPMorgan's $543 mn deal to settle Madoff claims

A federal bankruptcy judge on Tuesday approved JPMorgan Chase & Co's $543 million deal to end two private lawsuits stemming from its relationship with convicted Ponzi scheme mastermind Bernard Madoff. #US #JP Morgan #Ponzi scheme #Bernie Madoff
SUUTI money belongs to UTI investors and not to the government

Jan 22, 2014

SUUTI money belongs to UTI investors and not to the government

Effectively, the government ran UTI to the ground, bought back the assets of its victims for a pittance by offering them a Hobson's choice, and is now ready to make a killing by selling off those assets when the equity markets are much higher #Government #Axis Bank #Ponzi scheme #SUUTI #Specified Undertaking of Unit Trust of India

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NSEL issue brings to fore risk of unregulated markets like real estate

Aug 06, 2013

NSEL issue brings to fore risk of unregulated markets like real estate

Let the speculators/ traders and big investors make or lose money in unregulated markets. You will only get the end bits if you play it right but you will end up losing heavily if you play it wrong. #HowThisWorks #SEBI #Ponzi scheme #NSEL

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NSEL issue brings to fore risk of unregulated markets like real estate

Sep 03, 2014

Bernie Madoff’s son, Andrew, dies of lymphoma at age 48

Andrew Madoff died at Sloan Kettering Cancer Center, his lawyer told CNBC. Andrew was never charged criminally as part of his father's multi-billion dollar Ponzi scheme... #CNBC #Bernard Madoff
NSEL issue brings to fore risk of unregulated markets like real estate

Aug 29, 2014

Galemmo speaks in court: - It haunts me daily'

For the first time in more than a year, Glen Galemmo spoke to his former clients on Thursday when he addressed the court in his sentencing hearing for orchestrating a Ponzi scheme... #CNBC #Bernard Madoff
NSEL issue brings to fore risk of unregulated markets like real estate

Sep 13, 2014

Syosset man pleads guilty in $30M Ponzi scheme

A Syosset man pleaded guilty Friday to defrauding investors of $30 million in a Ponzi scheme in which the victims were supposed to get extraordinary returns by financing the importation of ecologically friendly paving stones from Australia. Eric Aron... #Australia #New York, NY #Central Islip, NY #Jericho, NY #Loretta E Lynch