Warren Buffett, Charlie Munger were once asked if Social Security is a 'government-sponsored Ponzi scheme'. How to ensure your retirement is secure

Buffett’s right-hand man, the late Charlie Munger, strongly defended the program. He said that he felt more strongly than ...
Wealth Management

Couple Sentenced For Using COVID Loans To Fund Ponzi Scheme

Massachusetts man who posed as an advisor received five years in prison after defrauding Haitian community members and ...
American Banker

Madoff Ponzi scheme haunts HSBC, which faces $1 billion hit

A Luxembourg court ruled against the bank in a long-running lawsuit tied to its custodial role for a fund that invested in ...
CBS News

Buyers of Radio Shack, Pier 1 Imports and other brands accused of running $112 million Ponzi scheme

A pair of e-commerce entrepreneurs who bought a number of well-known retail brands — including RadioShack, Modell's Sporting Goods and Pier 1 Imports — out of bankruptcy are accused of running a Ponzi ...