De la Villehuchet's suicide adds yet another gruesome chapter to the Bernie Madoff Ponzi scheme.
Picard added Merkin also ignored advice from one of his advisers—a convicted felon—that Madoff was running a Ponzi scheme.
Through Vennes, religious investors poured money into what turned out to be a multibillion-dollar Ponzi scheme.
Many of the victims of the Ponzi scheme are actually not victims at all but people who got out more than they put in.
On Dec. 10, 2008, Bernie told his family about the $50 billion Ponzi scheme.
I don't think he ever even slipped—you know, dropped some hint—about his Ponzi scheme to any of his mistresses.
Perry called Social Security a Ponzi scheme and “a monstrous lie.”
When the Ponzi scheme collapsed, the couple was forced to sell the two-bedroom apartment at the distressed price of $1.2 million.
Prosecutors said the Ponzi scheme, run over decades, moved more than $170 billion in and out of more than 4,000 customer accounts.
Now that would be a neat trick: the alleged Ponzi artist bringing his victims down to his own level.