Ponzi Scheme

THE LAKEWOOD MAN who ran a $200 million Ponzi investment scheme that
bilked the public, including even members of his own Orthodox Jewish
community, has struck out in his attempt to overturn his convictions. (ILLUSTRATION: Eliyahu Weinstein, already facing 25 years in prison in connection with…

Billions of dollars went into assets “so esoteric” that investors had to “trust the fund managers” to tell them what they were worth. PLATINUM PARTNERS, the hedge fund at the center of an alleged New York City municipal union kickback scandal, has a history that’s sordid…

It’s patently absurd to think that Konigsberg, architect of the false paper trail that kept Madoff’s Ponzi scheme hidden and who instructed a whole staff who forged financial documents on a colossal scale, was a “victim” of Madoff and “didn’t know”…