Tag: mini-Madoffs
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RECOMMENDED READING: Kautilya Nandan Pruthi, Author Of Britain’s Largest Ponzi Swindle, Sentenced To More Than 14 Years And Faces Deportation; While Con Man Faces Years Behind Bars, The Purported Return Rate of JSS Tripler/JustBeenPaid Dwarfs That Of ‘Britain’s Bernard Madoff’
This is a links post on the prison sentence of more than 14 years handed down to Kautilya Nandan Pruthi, the so-called Bernard Madoff of Britain. See The Sun’s coverage here. Outtake (italics added): “Judge Michael Gledhill QC said: “You are an extremely intelligent, articulate, sophisticated and plausible liar. In short, a professional fraudster.” See…
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Millions Of Dollars In Payments To Accountant, 73, Provided Him ‘Powerful Incentive’ To Look The Other Way As Joseph Forte Pulled Off $75 Million Ponzi Scheme, SEC Says
Joseph S. Forte, one of the earliest of the so-called mini-Madoffs, was sentenced in November 2009 to 15 years in federal prison — slightly more than a year in jail for each year his 13-year scheme operated. The SEC now says he had help from an accountant who looked the other way because Forte, a failed…
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A PONZI QUANDARY: Convicted And Jailed, 61-Year-Old Schemer May Have Enough Life Insurance To Make Victims Whole. Case May Pose Unique Challenges To Court-Appointed Receiver And Victims Of William Huber’s Massive Fraud
EDITOR’S NOTE: The Ponzi world is infamous for serving up long-term, dark skies and odd stories. Here is a new weather report and entry for the Ponzi Strange-O-Meter. By some accounts, the best definition of financial success is written by CPAs on the Last Great Day of a client’s life. When the final beans are…
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Dennis Bolze, Tennessee Ponzi Schemer Who Fled After Fraud Was Exposed, Sentenced To 27 Years In Federal Prison
Dennis Bolze, a fraudster who silently bolted from Tennessee during the same month Bernard Madoff provided a glimpse of how a shocked nation would come to view Ponzi schemers, has been sentenced to 327 months in federal prison. Bolze, 61, was arrested in Pennsylvania on March 12, 2009, about three months after news of Madoff’s…