Tag: Ponzi and Pyramid Schemes

Reading List: Scams and Scammers

Sam Bankman-Fried’s conviction reminds us of the real talent behind the schemes — knowing what people yearn for.

November 8, 2023
Ponzi Schemer Freed From Prison by Trump Faces New Fraud Charges

Eliyahu Weinstein, whose 24-year sentence President Donald J. Trump commuted, is now accused of bilking 150 million people out of more than $35 million.

July 19, 2023
How an Investor Lost $625,000 and His Faith in George Santos

Andrew Intrater, a wealthy businessman, has been in touch with the S.E.C. about Mr. Santos’s dealings on behalf of a company accused in a Ponzi scheme.

January 19, 2023
Sam Bankman-Fried Interview: Read the Transcript

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.

December 1, 2022
What Stage of Capitalism Is Sam Bankman-Fried?

FTX’s $32 billion valuation was a fantasy, but nobody bothered to look at it closely.

November 21, 2022