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The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. 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.
Yes, But There's a Big Catch. Social Security can go a long way in retirement, but many seniors may struggle financially even with the help of their benefits. According to Vanguard's 2023 How ...
All Debt Is Bad. It’s generally wise to avoid debt, unless the alternative involves hindering your retirement plans or cutting into your nest egg. “One of the most pervasive myths among baby ...
The ‘big scam’ Cardone’s aversion to maintaining an emergency fund may be rooted in his perspective on fiat currency. “This is the big scam right here,” he told DJ Vlad, holding up a ...
Revelation of the problem. Diann Shipione, a former trustee of the San Diego, California Employees' Retirement System pension board, is credited with exposing unlawful underfunding of the pension fund to the media. In 2002 Shipione, as a pension board trustee, raised concerns [5] to the San Diego Mayor and City Council about a proposal that ...
Karen Chadra, Patch Staff. Posted Mon, Oct 10, 2011 at 3:42 am CT | Updated Mon, Oct 10, 2011 at 3:46 am CT. More than $1.9 million in retirement funds allegedly was misused by the owner of...
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