NewsFeed’s weekly highlight of our vocabulary includes useful, new, hilarious and surprising words (as well as some that are …
ponzi scheme
Bernie Madoff and Wife Ruth Attempted Suicide In ‘Impulsive’ Move
“I don’t know whose idea it was, but we decided to kill ourselves because it was so horrendous what was happening.”
— RUTH MADOFF, telling 60 Minutes‘ Morley Safer that she and her husband, convicted Ponzi schemer Bernie …
Bernie Madoff’s Boxers Sell for $200 at Auction
An auction of Bernie Madoff’s household goods, ranging from paintings to prescription eyeglasses, brought in about $400,000. Among the items were 14 pairs of boxers that sold for $200. Which leaves one haunting question: Would …
Ponzi Schemer Scott Rothstein Sentenced to 50 Years
Lawyer-turned-imaginary-financial-titan Scott Rothstein was sentenced to 50 years in prison by a federal judge today for running a $1.2 billion Ponzi scheme. Rothstein — who fled to Morocco after his scheme collapsed — had …