The Hurricanes faced adversity even before the first down of football as twelve players were forced to pay restitution and eight players were suspended for accepting money and gifts from former booster Nevin Shapiro, a convicted Ponzi schemer serving a 20-year prison sentence.
In addition, stories about common financial crimes that affect scores of everyday citizens (Ponzi schemes; real estate and other investment frauds; bank robbery; identity theft; medical fraud; embezzlement; insurance fraud; murder-for-hire; art theft; credit card fraud; and, money laundering) are also featured.
In 2010, it was revealed that he had invested $600,000 in the Ponzi scheme perpetrated by Nevin Shapiro.
James was running a Ponzi scheme and even when Phillip helped clear the charges against him, he resented Phillip's return.
However, on her very first day, the company is shut down when the owner is arrested for stealing millions of dollars in a Ponzi scheme and the apartment building is sealed, forcing June to find a new place to live; she ends up moving in with Chloe.
However, in June 2009, the founder of Chicago Sports Webio was charged with operating a Ponzi scheme, and the site was shut down.
Nevin Shapiro, University of Miami football booster who is currently imprisoned for orchestrating a $930 million Ponzi scheme.
In 2003 the Internal Revenue Service (IRS) seized it, claiming he and another partner had purchased it with the proceeds from a Ponzi scheme in which they sold a thousand unsuspecting investors "prime bank notes" with a guaranteed 400% return, for a total of $56 million in fraudulent gains.
On January 24, 2013, Erxleben was arrested again on various Federal charges related to an alleged Ponzi scheme.
In 2009 Zogaib became under investigation for operating a Ponzi scheme in which he reportedly conned Dalziel and his father out of US$550,000.
However, soon after a party celebrating the launch of nighttime operations, Bleidt sent a taped confession to the Securities and Exchange Commission admitting that he'd turned his asset management firm into a massive Ponzi scheme.
The station broadcast two shows hosted by Gary Gauthier, It's God's Money and All About Florida Real Estate until Gauthier was arrested in January 2104 for running a Ponzi scheme.
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Charlie Wright's (Aidan Quinn) business empire is revealed to be a Ponzi scheme, having taken as much as eleven billion from his clients.
On May 27, 2010, Stein was indicted and arrested for lying about his involvement during the investigation of the multi-million dollar Ponzi scheme involving Ken Starr, a financial advisor to various Hollywood celebrities.
Judge Waddoups is also currently presiding over the Rick Koerber case, in which Koerber is accused of running an investment scam, or Ponzi Scheme, involving over $100 million.
Republican opponents of the plan called it "a financial gimmick" to manipulate the Congressional Budget Office deficit projections for the PPACA, while Democratic Senator Kent Conrad called it a "Ponzi scheme," because
With the assistance of people like Speaker of the House Jim Wright and the Keating Five, he was able to convert Lincoln Savings and Loan Association into a Ponzi scheme, making millions for himself, while suppressing the investigative and regulatory functions of the FHLBB.
She is also a niece of Bernard Madoff, who operated a Ponzi scheme that is considered to be the largest financial fraud in U.S. history.
Imagining Madoff is a 2010 play by playwright Deb Margolin that tells the story of an imagined encounter between Bernard Madoff, the admitted operator of what has been described as the largest Ponzi scheme in history, and his victims.
Petters Group Worldwide was a diversified company based in Minnetonka, Minnesota that was turned into a $3.65 billion Ponzi scheme by its founder and CEO, Tom Petters.
On 23 May 2008 US Senator Bill Nelson (D-Fla) called for a Federal Trade Commission investigation of Silver State, indicating that he believes that it was a Ponzi scheme.