TipRanks on MSN

HSBC Warns of $1.1B Charge Tied to Madoff Ponzi Scheme Ahead of Q3 Earnings

HSBC Holdings ($HSBC) ($GB:HSBA) is bracing for a financial setback tied to one of the biggest frauds in history. Ahead of ...

HSBC expects $1.1bn hit from legal fight over Madoff’s Ponzi scheme

HSBC will set aside $1.1bn for a lawsuit brought by investors who lost money in Bernard Madoff’s multibillion-dollar Ponzi ...

Bernie Madoff's Ponzi scheme is still costing banks billions

The Bernie Madoff investment scandal was uncovered in 2008 but it is still reverberating on banks’ balance sheets today. HSBC ...

Banks are still compensating investors over Madoff fraud. Another $1.1 billion might be paid out.

The largest financial fraud in history isn’t over for the banking sector.
Amazon S3 on MSN

The Biggest Ponzi Schemes Ever Exposed

The curious minds at ColdFusion expose some of the biggest Ponzi schemes in history. This matters because it reveals how ...

HSBC faces $1bn hit from Bernie Madoff Ponzi scheme tussle

HSBC is facing a $1.1bn (£826m) hit after losing a long-running legal battle with investors over Bernie Madoff’s Ponzi scheme ...
NBC Bay Area

Last Madoff victim fund payout brings recovery to nearly 94% of Ponzi scheme losses, DOJ says

The last disbursement, of more than $131 million, is being sent to more than 23,000 victims worldwide. When it is completed, more than $4.3 billion will have been distributed by the fund to more than ...
Pragativadi

Odisha EOW Bust Massive Ponzi Scam: Key Accused Nabbed in ₹1,000 Crore Fraud Spanning 10 States

Uncover the details of the Hedgex Fund Ponzi scheme and the recent arrest of its key figure by the EOW of Odisha Police.
Investopedia

OneCoin Ponzi Scheme: The $4 Billion Cryptocurrency Scam Explained

There have been a number of other big Ponzi schemes in addition to OneCoin, the biggest crypto scheme ever. Bitconnect was exposed in 2018, ultimately crashing and causing its investors to lose $3.5 ...