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Tag Archives: Certified Fraud Examiner

Another Ponzi Scheme

You recently heard about the sentencing of Bernard Madoff for his massive fraud, identified as a Ponzi scheme. While certainly not of the same size, an international fraud involving residents close to home was reported yesterday on the front page of the Edmonton Journal by Karen Kleiss. For a quick review of what a Ponzi scheme entails, and to [...]

Madoff and Ponzi Schemes

You have likely heard the news of Bernard Madoff being sentenced by a U.S. District Court to 150 years in jail for his orchestration of a massive Ponzi scheme. Well, I was shocked when a financial advisor I know said yesterday that he wasn’t aware of Madoff and did not know what a Ponzi scheme [...]