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Bertram Earl Jones (born June 24, 1942) is a Canadian unlicensed investment adviser who pleaded guilty to running a Ponzi scheme that CBC News has reported cost his victims "a conservative estimate of about $51.3 million taken between 1982 and 2009". [1] After pleading guilty to two charges of fraud in 2010, he was sentenced to 11 years in ...
In May 2012, Joseph Blimline was sentenced to 20 years in federal prison for operating two oil and gas Ponzi schemes. He operated a Ponzi scheme from 2003 to 2005 in Michigan, netting over $28 million. He then operated a Ponzi scheme in Texas, using a company called Provident Royalties, that lasted from 2006 to 2009 and netted over $400 million ...
Charles Ponzi was born in Lugo, Emilia-Romagna, Kingdom of Italy on March 3, 1882.He told The New York Times he had come from a family in Parma.Ponzi's ancestors had been well-to-do, and his mother continued to use the title "donna", but the family had subsequently fallen upon difficult times and had little money. [3]
More: West Warwick investment manager accused of running $14-million Ponzi scheme “This man kept me in a constant state of fear … and abandonment,” she said.
As part of an investigation into James Slattery's private prison empire, The Huffington Post analyzed thousands of pages of court transcripts, police reports, state audits and inspection records obtained through state public records laws. Many of the documents behind the series are annotated below.
As a juvenile judge, he thought he was sending boys to a moderate-risk program with outdoor wilderness activities. What he found was a hardcore prison. “I came back with all those pictures and I raised hell about it,” Petersen recalled in an interview. He saw small 12-year-olds confined alongside much stronger 17-year-olds.
Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women had invested. She was eventually discovered and served three years in prison. [2] The Ponzi scheme was also previously described in novels; Charles Dickens's 1844 novel Martin Chuzzlewit and his 1857 novel Little Dorrit both feature such a ...
Madoff confesses to the Ponzi scheme, and the FBI arrests him. After pleading guilty, Madoff is sentenced to 150 years in prison. Two years after learning of the Ponzi scheme, his eldest son Mark is found hanging from a pipe, dead of an apparent suicide. His other son dies of lymphoma six years later.