Ponzi scheme

GameStop, AMC Wild Trading: Is r/WallStreetBets Operating a 'Ponzi Scheme'?

The experts claim that they are operating a "Ponzi" scheme and there is nowhere to go but down.

Hedge fund exec linked to Madoff jumped to his death

Murphy, who worked at the Fairfield Greenwich, was at the top of his game, controlling the hedge fund when the firm invested billions with Madoff. Fairfield lost almost $50 million that led to investors filing a class action lawsuit.

Martin Shkreli's $5 Million Bail Was Secured With His E-Trade Account

Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-Trade account.

Latest Stories

Buying Returned Items in Bin Stores Gives You Up to 80% Discount

Have you ever wondered what happens when you return clothing, a coffee machine, or other purchases to online stores like Amazon?

Retail Shakeup: Are Your Favorite Stores Closing? 3,200 Store Closures Recorded

According to a recent report, the retail industry is struggling as it deals with consumers who are tired of paying for inflation and a wave of bankruptcies.

US Airlines Challenge Biden's Fee Transparency Directive

American airlines have filed a lawsuit to prevent the Biden administration from imposing more transparency on the fees that they charge their customers.

Should You Stay Invested? Market Treads Water as Inflation Reach 3.3% Annually

The S&P 500 ended the week very slightly down as investors took a break following three weeks of gains.

California Landline Battle Could Bring Nationwide Relief For Your Bills

AT&T is requesting that California utility regulators reject its request to be relieved of its obligation to offer traditional landline phone service.