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William Neil "Doc" Gallagher is an American Christian radio host and fraudster. He stole $24 million from over 190 people in a Ponzi scheme over the course of a decade. [1] [2] His victims ages ranged from 62 to 91. [2]
Prosper is about 40 miles north of Dallas. ... Minnesota police say. Lacrosse coach built trust, then he scammed Texas community in Ponzi scheme, feds say. Customers lost $31 million in gold ...
Charles Ponzi is said to have swindled investors out of $20 million in 1920 ($300 million in current dollars), in a con immortalized as a Ponzi scheme. Leo Koretz is estimated from 1905 through 1923 to have bilked his family members and other unsuspecting investors of $30 million, equivalent to $450 million today. [ 3 ]
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As is the case with many Ponzi schemes, Lewis relied on trust and word of mouth to help build his scheme. Many of Lewis' victims were members of churches and church-related groups, of which Lewis was reportedly a member. [5] [6] In 2003, investors became suspicious when Lewis stopped paying dividends.
"Ponzi Super Nova", an episode of the podcast Radiolab released February 10, 2017, in which Madoff was interviewed over prison phone. [207] Chevelle's song "Face to the Floor", as described by the band, was a "pissed off, angry" song about people who got taken by the Ponzi scheme that Bernie Madoff had for all those years." [208]
The 2023–24 Dallas Mavericks season was the 44th season for the franchise in the National Basketball Association (NBA). This was also the final season that had Mark Cuban being the sole owner of the Mavericks, as during this season, the team would transition Cuban to a minority ownership stake, while both Miriam Adelson and Patrick Dumont would hold a majority ownership stake in the team.
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.