December 2008 - Bernard Madoff is arrested by U. federal authorities on charges of running a massive decades-long Ponzi scheme swindling thousands of investors - the largest financial fraud in history.
15 of the Most Brazen Ponzi Schemes in Business History
As ThinkProgress has detailed, the House Republican budget, authored by Budget Committee Chairman Paul Ryan (R-WI), pays for massive tax cuts for the wealthiest Americans by cutting spending from programs that primarily.
Ponzi, an Italian immigrant to the United States became one of the most famous con men in American history. While many people do not know the name Ponzi, the Ponzi Scheme is extremely well known and continues today in Internet Make Money Fast schemes.
(GERMANY OUT) Ponzi, Charles - Banker, Financial swindler, USA Portrait - ca. 1920 - Photographer: Walter Gircke - Published by: 'Berliner Illustrirte Zeitung' Vintage property of ullstein bild (Photo by Gircke/ullstein bild via Getty Images)