What Is a Ponzi Scheme? The phrase Ponzi scheme dates back well before Bernie Madoff defrauded investors out of $65 billion. Between 1882 and 1949, Charles Ponzi, an Italian immigrant, found a ...

In 1920, Charles Ponzi's "get-rich-quick" scheme started out small and legal. He promised investors a doubling of their investments in 90 days, and fulfilled that promise by buying International ...

D’Pharaoh Woon-A-Tai (left) and Charles Melton attend the Warfare event ... The two filmmakers went on to direct the movie together after getting to know each other while working on Garland ...

The live-action version of the 1937 animated classic has been the focus of controversy, as the film’s Saturday premiere will not include journalists on the red carpet.

Democrats have long found the flip phone Chuck Schumer still insists on using as an endearing quirk that illustrates how ...

A former NFL linebacker was sentenced to two and a half years in federal prison this week after he admitted to running a Ponzi scheme involving West African gold mines, properties in Central ...

And this Pavlovian reaction was on full display when presidential adviser and multibillionaire Elon Musk recently called Social Security “the biggest Ponzi Scheme of all time.” Because that ...

The new Jack Quaid action movie Novocaine and the spy thriller Black Bag starring Cate Blanchett and Michael Fassbender highlight this weekend’s new releases. Ben Affleck is doubling down on his ...

It’s clear from his statement that Musk, despite being a billionaire, doesn’t understand the concept of a promise or a Ponzi scheme. Nor does he seem to value the sacred social contract that ...

David Edwards has spent over a decade reporting on social justice, human rights and politics for Raw Story. He also writes Crooks and Liars. He has a background in enterprise resource planning and ...