http://www.ponzischemevictims.org Providing Victims Help, Information & Representation Fri, 27 Aug 2010 03:02:13 +0000 http://backend.userland.com/rss092 en In an article from the Associate Press, Lawyers for jailed Texas financier R. Allen Stanford and two of his former executives on Thursday tried to shoot down claims by a fraud examiner that their clients took part in the massive Ponzi scheme that authorities say helped bilk investors out of ... http://www.ponzischemevictims.org/2010/08/26/stanford-ponzi-scheme/ A new lawsuit in U.S. District Court in Manhattan has been brought against Sterling Equities Associates, which owns the Mets, baseball team and also named Fred Wilpon, the Mets chief executive officer and principle owner for letting their workers put more than $16 million in 401k assets into accounts controlled ... http://www.ponzischemevictims.org/2010/07/31/suit-for-madoff-related-losses/ Victims of a Ponzi scheme in Orange County were given the opportunity to speak during the sentencing phase for a man who was convicted on 693 felony counts for defrauding more than 125 seniors out of their life saving in a Ponzi scheme. Jeffrey Gordon Butler, who was convicted in June ... http://www.ponzischemevictims.org/2010/01/04/victims-speak-out/ A Florida attorney was arrested Tuesday on federal racketeering and fraud charges alleging he operated a $1 billion investment scheme involving phony legal settlements. Scott Rothstein, Esq. was charged with wire fraud, money laundering, and mail and wire fraud conspiracy. The combined prison term for conviction could total 100 years. It ... http://www.ponzischemevictims.org/2009/12/01/1-billion-investment-fraud/ Pennsylvania federal authorities said that Sean Healy pleaded guilty to two counts of wire fraud and one count of unlawful monetary transaction. Prosecutor said the 39 uear old man said he promised to buy securities for investors but instead spent the money on waterfront mansion in Florida, jewelry and exotic sports ... http://www.ponzischemevictims.org/2009/11/26/20-million-ponzi-scheme/ I found this really interest article from the New Times the other day. The article states that there is a motion pending in Federal Bankruptcy Court in Manhattan that contends that Bernard Madoff long term investors cannot accurately calculate their loses unthil they know whether any of their orginal ... http://www.ponzischemevictims.org/2009/11/25/start-date-of-ponzi-scheme-is-critical-to-claims/ Victims of the Bernard Madoff ponzi scheme have been approved for $524.25 million of payments according to the trustee who is trying to recover Madoff's assets. The sum is about one-eighth of the $4.44 billion of the allowed claims that the court appointed trustee has identified. Holders of about 2,335 ... http://www.ponzischemevictims.org/2009/11/18/victims-get-534-million-in-payments/ Benny Lee Jodah, a Texas businessman pleaded guilty Thursday to two charges related to his bilking of $50 million from investors in a Ponzi scheme. He pleased guilty to one count each of money laundering and sales and delivery afer sales of unregistered securities, in federal court. Jodan faces up ... http://www.ponzischemevictims.org/2009/11/14/businessman-pleads-guilty-in-ponzi-scheme/ The IRS announced unprecedented tax relief for victims of Ponzi schemes, syaing many of those affected could deduct up to 95% of their losses, immediately. The move represents a significant relaxation of longstanding limits on tax relief for victims of investment scams. In broad terms, the IRS said Ponzi scheme ... http://www.ponzischemevictims.org/2009/11/13/ponzi-scheme-victims-get-a-tax-break/ Today the terms Ponzi scheme and pyramid scheme are often used to mean the same thing. However, there is a slight difference. A true Ponzi scheme usually promotes what appears to be a real investment opportunity which investors may contribute to without actually being an affiliate, distributor, and etc. A ... http://www.ponzischemevictims.org/2009/11/12/ponzi-scheme-pyramid-scheme/