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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
Better coordination needed to fight ponzi menace: U K Sinha

Jan 08, 2014

Better coordination needed to fight ponzi menace: U K Sinha

There have been a number of cases in past few years of entities raising huge amounts of money from gullible investors through illegal CIS (Collective Investment Scheme) activities, many of which later faced crackdown by Sebi. #RBI #NewsTracker #SEBI #Ponzi scheme #Ministry of Corporate Affairs #Irda #Collective investment scheme #U. K. Sinha
JPMorgan settles Madoff's massive Ponzi scheme claims for $1.7 bn

Jan 08, 2014

JPMorgan settles Madoff's massive Ponzi scheme claims for $1.7 bn

JPMorgan Chase & Co, already beset by other costly legal woes, will pay over $2 billion for ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme, authorities said today. #Business #NewsTracker #JPMorgan Chase & Co. #JPMorgan #CompanyWatch #Ponzi scheme #Bernard Madoff

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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

Jul 10, 2014

Despite Exposure of Madoff Fraud, New Ponzi Schemes Emerge

Financial regulators say a new Ponzi scheme operator is found nearly every week, and legal actions are brought against about 100 such questionable investment operations every year...
NSEL issue brings to fore risk of unregulated markets like real estate

Jul 10, 2014

DealBook: Despite Exposure of Madoff Fraud, New Ponzi Schemes Emerge

Financial regulators say a new Ponzi scheme operator is found nearly every week, and legal actions are brought against about 100 such questionable investment operations every year...
NSEL issue brings to fore risk of unregulated markets like real estate

Jun 17, 2014

Paul Konigsberg, 77, was charged with conspiracy and filing falsified business records for his alleged role in the multi-billion Ponzi scheme...