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Ponzi Scheme

Steven Palladino of West Roxbury is accused of orchestrating a Ponzi scheme that cost investors about $14 million. (Credit: WBZ-TV)

Boston Family Sentenced In Ponzi Scheme

A Boston couple and their son have pleaded guilty to operating what prosecutors call a Ponzi scheme that fleeced dozens of friends and neighbors out of more than $10 million.

01/22/2014

Steven Palladino of West Roxbury is accused of orchestrating a Ponzi scheme that cost investors about $14 million. (Credit: WBZ-TV)

Investors Bilked In Alleged West Roxbury Ponzi Scheme Appear In Court

Several investors who say a West Roxbury man stole millions from them in an alleged Ponzi scheme were in federal court Tuesday seeking the return of about $14 million.

01/14/2014

Banks, 100 Dollar Bills, Cash, generic, withdrawal, Counting Money

Boston Couple Charged With Running MultiMillion Dollar Ponzi Scheme

A Boston couple has been charged in connection with what prosecutors are calling a multimillion dollar Ponzi scheme in which they used investors’ money to fund a lavish lifestyle.

03/18/2013

Madoff victim George Christin.

Ponzi Scheme Victim Says Ruth Madoff Is Seeking Sympathy

In an interview with 60 Minutes, the wife of disgraced financier Bernie Madoff explains that she and her husband tried to kill themselves as the Ponzi scheme came to light.

10/26/2011

Money Matters – National Consumer Protection Week: Wealth Building Schemes

Wealth building schemes aren’t just about Ponzi schemes.

WBZ NewsRadio 1030–03/10/2011

More Madoff Money Found, Deadline Looms

A day after Boston philanthropist Carl Shapiro and his family agreed to return more than half-a-billion dollars in profits, efforts to recover millions more in the Bernie Madoff Ponzi scheme are heating up and going international.

12/08/2010