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МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
The women's and men's singles champions will each receive $3.6 million, the U.S. Tennis Association announced Wednesday. The total compensation, which includes money to cover players' expenses ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
Bernie Madoff. Participants in the Madoff investment scandal included employees of Bernard Madoff 's investment firm with specific knowledge of the Ponzi scheme, a three-person accounting firm that assembled his reports, and a network of feeder funds that invested their clients' money with Madoff while collecting significant fees.
A federal judge ordered Monday that the University of California, Los Angeles, craft a plan to protect Jewish students, months after pro-Palestinian protests broke out on campus. Three Jewish ...
Scam. A scam, or a confidence trick, is an attempt to defraud a person or group after first gaining their trust. Confidence tricks exploit victims using a combination of the victim's credulity, naïveté, compassion, vanity, confidence, irresponsibility, and greed. Researchers have defined confidence tricks as "a distinctive species of ...
For a limited time, you can save even more with Synchrony Bank’s 13-month CD, featuring a 5.15% annual percentage yield (APY). That’s more than twice the national average APY of 1.8% for a 1 ...
Boston Celtics center Bill Russell holds the record for the most NBA championships won with 11 titles during his 13-year playing career. [ 5] As of 2020, Robert Horry, John Salley, LeBron James and Danny Green are the only players to have won championships with three different teams. [ 6]