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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.
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%.
A fidelity bond or fidelity guarantee is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees. While called bonds, these obligations to protect an employer from employee ...
The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing seniors to lose over $3.4 billion. And those ...
January 30, 2023 at 12:47 PM. Officials are warning Sedgwick County residents about unsolicited scam mail that looks like it came from the county recorder of deeds office. The letters, received by ...
In Shasta County, California, the county clerk and election officials warned last week that a text message asking recipients to click a link to register to vote was a scam. Officials said clicking ...
Surety. In finance, a surety / ˈʃʊərɪti /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal ...
Abigail Johnson. Abigail Pierrepont Johnson[ 1] (born December 19, 1961) is an American billionaire businesswoman and the granddaughter of late Edward C. Johnson II, the founder of Fidelity Investments. [ 2] Since 2014, Johnson has been president and chief executive officer (CEO) of American investment firm Fidelity Investments (FMR), [ 3] and ...