Topic - Charles Ponzi

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  • ** FILE ** Bernard Madoff is serving a 150-year prison term for his Ponzi scheme that stole an estimated $36 billion from investors. (Associated Press)

    Bernie Madoff, from jail: I'm racked by remorse and 'can't sleep'

    Bernard Madoff, the former millionaire Ponzi schemer who traded his finance firm title for one in Butner Federal Correction Complex — as Inmate No. 61727-054 — now says he's racked with guilt and can't sleep most nights.

  • Miami repaying $83,000 in Shapiro donations

    The University of Miami is giving back $83,000 it says it received "directly and indirectly" from Nevin Shapiro, the former Hurricanes booster and convicted Ponzi scheme architect whose claims of giving athletes and recruits extra benefits for nearly a decade sparked an NCAA investigation.

  • Miami returning $83,000 in Shapiro donations

    The University of Miami is giving back $83,000 it says it received "directly and indirectly" from Nevin Shapiro, the former Hurricanes booster and convicted Ponzi scheme architect whose claims of giving athletes and recruits extra benefits for nearly a decade sparked an NCAA investigation.

  • Texas Gov. Rick Perry speaks during a Republican debate on Sept. 13, 2011, in Tampa, Fla. (Associated Press)

    MILLER: It is a Ponzi scheme

    The Texas governor is under attack for telling the unpleasant truth. At the GOP debate in Florida on Monday, CNN's Wolf Blitzer asked presidential contender Rick Perry whether he was changing his tune after other Republicans and pundits slammed him for saying Social Security is a "Ponzi scheme." The Lone Star State chief executive stood his ground: "It has been called a Ponzi scheme by many people long before me."

  • Miami offensive lineman Harland Gunn (66) does running drills during football practice in Coral Gables, Fla., Thursday, Aug. 18, 2011. Miami's head coach Al Golden says his team is recovering from the shock of scandalous allegations hitting the program and sparking talk from the NCAA for "fundamental change" in college sports. Also shown are offensive linemen Shane McDermott (62) and Tyler Horn (63). (AP Photo/Lynne Sladky)

    Hurricanes in eye of the storm after lurid scandal

    Speaking out for the first time since Miami football players were accused of getting cash, gifts and prostitutes from an ex-booster, athletic director Shawn Eichorst vowed Thursday that "a better day" would be coming for the Hurricanes. Some players also ended their silence to say the team is hurting because of the allegations.

  • Miami football trying to move forward amid scandal

    Speaking out for the first time since Miami football players were accused of getting cash, gifts and prostitutes from an ex-booster, athletic director Shawn Eichorst vowed Thursday that "a better day" would be coming for the Hurricanes. Some players also ended their silence to say the team is hurting because of the allegations.

  • This is an Aug. 9, 2011 file photo showing NCAA president Mark Emmert during a news conference in Indianapolis. Emmert says if the allegations against the University of Miami are true, it's yet another reason to make fundamental changes to college sports. Emmert issued a statement Wednesday, Aug. 17, 2011, after Yahoo! Sports reported a laundry list of allegations by a former Hurricanes booster. (AP Photo/Michael Conroy, File)

    Miami probe could alter NCAA

    The NCAA said Wednesday it has been investigating the relationship between a convicted Ponzi scheme artist and the University of Miami for five months, and the allegations - if true - show the need for "serious and fundamental change" in college sports.

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