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Sunday, November 22, 2009 12:04 AM

Pyramid Scheme

Type: Keyphrase

Name: Pyramid Scheme

description: Pyramid Schemes may involve a structure that is laid out like a pyramid, with one person at the top, two persons on the next level, four on the next and eight on the next. The structure may also be circular with one person at the center, two on the next, four on the next and eight persons on the outer circle. The circular structure is merely a view of a pyramid looking from the top down

First Reported 11/20/2009 - Updated 11/20/2009 - 1 Documents (in Conflicts & Crime)

Avoid these 10 common scams

Ever received a letter congratulating you on winning a lottery you are sure you never entered, or received a phone call telling you to ring some expensive premium-rate telephone number in order to claim your 'star prize'?While some scams are fairly easy ... [Interactive Investor International - 11/20/2009]

Entities: Pyramid Scheme, Spam, Credit Card, British Association for Counselling and Psychot...

First Reported 7 hours ago - Updated 7 hours ago - 1 Documents (in Internet & IT)

Colombia authorizes extradition to U.S. of pyramid scheme head

The Colombian government has authorized the extradition to the United States of David Murcia Guzman and his chief associate, both accused of running a massive pyramid scheme that illegally raised more than $2 billion.President Alvaro Uribe gave the go-ahead ... [Individual.com - 7 hours ago]

Entities: Pyramid Scheme, Extradition, Colombia, Murcia

First Reported 11/18/2009 - Updated 11/18/2009 - 3 Documents

Madoff's belongings auctioned

Disgraced financier Bernard Madoff's yacht 'Bull', two smaller boats and a Mercedes-Benz convertible were sold at auction Tuesday for more than $US1 million combined.Madoff's 1969 Rybovich, a restored 16-metre fishing boat, sold for $US700,000 ($A752,445) ... [Sky News Australia - 11/18/2009]

Entities: Bernard Madoff, Sitting Bull, Ruth Madoff

First Reported 11/18/2009 - Updated 11/19/2009 - 2 Documents

Bernard Madoff

Madoff yacht sold at auction

Fort Lauderdale - Disgraced financier Bernard Madoff's yacht Bull, two smaller boats and a Mercedes-Benz convertible were sold at auction on Tuesday for more than $1m combined. Madoff's 1969 Rybovich, a restored 16 meter fishing boat, sold for $700 000 ... [Finance 24 - 11/19/2009]

Entities: Bernard Madoff, Sitting Bull, Ruth Madoff

First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents

4 Policemen Get Jail Terms for Fatal Torture Case

Four Chinese policemen have been sentenced to jail terms from one to two years for torturing a confession from a man who later died, a court spokesman said Tuesday.Officers Niu Dongsheng, Xu Songshan, Zhen Weimin and Song Guangzhou were sentenced with ... [China Development Gateway - 11/19/2009]

Entities: Torture, Liaoyang, Luohe, Pyramid Scheme, Guangzhou

First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents

Sibusiso Radebe

Known as the 'Miracle Man', he claimed to have the power to turn paupers into millionaires through his Miracle 2000 pyramid scheme. In 2002 Radebe was sentenced to three years in jail, with one year suspended, for contravening the Banks Act and conducting ... [Business Report - 11/19/2009]

Entities: Pyramid Scheme, INXS

First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents (in Conflicts & Crime)

The 10 most common scams - and how to avoid them

Entities: Pyramid Scheme, Spam, British Association for Counselling and Psychot..., Direct Marketing Associations, The Evolution Control Committee

First Reported 11/15/2009 - Updated 11/15/2009 - 1 Documents (in Internet & IT)

Madoff Auction Pulls In Double Auctioneers Hope

A Saturday auction of some of the belongings of Bernard and Ruth Madoff pulled in about double what auctioneers had hoped, and far more than the estimated value of the goods, auctioneers said. The total was about $1 million. The 71-year-old Madoff was ... [Huliq.com - 11/15/2009]

Entities: Ruth Madoff, Ponzi Scheme, Fraud, Pyramid Scheme, US Marshals Service

First Reported 11/15/2009 - Updated 11/15/2009 - 1 Documents

College courier problem 'ignored'

High school principals say they have not been contacted by police and are not aware of any Chinese students from their schools being used as "drug catchers".Detective Senior Sergeant Chris Cahill of the Auckland Metro drug squad said students from high ... [New Zealand Herald - 11/15/2009]

Entities: Raymond WONG, Auckland, Greg Watson, Avondale College

First Reported 11/16/2009 - Updated 11/16/2009 - 1 Documents (in Conflicts & Crime)

Call to report all suspicious cash movements

SA’s regulators must do more to force individuals and financial institutions to report suspicious transactions, including pyramid schemes, to the financial intelligence unit, says a forensic expert. “People have a moral obligation to report a suspicious ... [Business Day - 11/16/2009]

Entities: Pyramid Scheme, Money Laundering, Ponzi Scheme, Conviction

First Reported 11/16/2009 - Updated 11/16/2009 - 1 Documents (in Environment)

Angel Investors Point to the Stars

WASHINGTON - With the news full of stories about pyramid schemes, real estate scams and shady business deals, "angel investors" are meeting today in Washington to talk about a different way to do business, a way in which everyone can win. The term "angel ... [Public News Service - 11/16/2009]

Entities: Angel Investors LP, Angel Investor, Seth Goldman, Solar Power

First Reported 11/17/2009 - Updated 11/17/2009 - 1 Documents

Watching it all float away Madoff boats under the hammer

Bernard L Madoff's boats will follow his Rolex "prisoner watch" and New York Mets jacket to the auction block today, with sale proceeds going to victims of his $65bn (?43.3bn) pyramid scheme.Hundreds of the world's greatest swindler's personal items -- ... [Irish Independent - 11/17/2009]

Entities: Bernard Madoff, Ruth Madoff, Rolex SA

Quotes

...The company maintains 35 showrooms around the country. has emerged as a juggernaut. It has 200,000 sellers, and sales grew 50 percent in 2008. "This year, even with the economic situation, we're about 20 percent growth over last year" said Paul Mak, president of . China now accounts for 25 percent of Mary Kay's overall sales

How Do You Say "Pink Cadillac" in Mandarin? [Slate Magazine - 11/17/2009]

"The whole exercise is like a pyramid scheme, where the deliveries are spread to so many students' homes and homestays that it is difficult to identify who is innocently involved and who is no"

College courier problem 'ignored' [New Zealand Herald - 11/15/2009]

...'They wanted to show off their lifestyle with big houses, yachts, jewelry,' he said. "They didn't buy things they were passionate about - they just wanted more and more." The nearly 200 lots were an assembly line of conspicuous consumption, fueled by proceeds from the tens of billions of dollars that Madoff's pyramid scheme...

Madoff's possessions make $1M [CNEWS - 11/15/2009]

More Content

sort by: Date \| Relevance
Colombia authorizes extradition to U.S. of pyra... [Individual.com - 7 hours ago]
Brush: Farewell to decade of hubris [MSN Money - 12 hours ago]
Avoid these 10 common scams [Interactive Investor International - 11/20/2009]
The Critical Unraveling of U.S. Society [Public Record - 11/19/2009]
The 10 most common scams - and how to avoid them [Moneywise Magazine - 11/19/2009]
Madoff yacht sold at auction [Finance 24 - 11/19/2009]
Sibusiso Radebe [Business Report - 11/19/2009]
Farewell to the decade of hubris [MSN Money - 11/19/2009]
4 Policemen Get Jail Terms for Fatal Torture Case [China Development Gateway - 11/19/2009]
Madoff yacht, convertible sold at Florida auction [Canoe Money - 11/18/2009]
Madoff's belongings auctioned [Sky News Australia - 11/18/2009]
Ruling will allow Anglo sell Breifne O'Brien's ... [Irish Independent - 11/18/2009]
Madoff possessions fetch $1 million [Sky News Australia - 11/18/2009]
Madoff yacht, boats and Mercedes - Benz convert... [Canadian Business Magazine - 11/18/2009]
Madoff yacht, boats top $1 million in auction [MSNBC via MSN Money - 11/18/2009]
Small Business: Why Is Mary Kay Thriving in China? [MSNBC Newsweek - 11/17/2009]
Four Chinese policemen get jail terms for fatal... [Xinhua News Agency - 11/17/2009]
Watching it all float away Madoff boats under t... [Irish Independent - 11/17/2009]
Ethan Clow: Selling cures to the gullible in a ... [National Post - 11/16/2009]
Madoff Auction Rakes in $15 Million [Moneynews - 11/16/2009]
Money managers join the fight against increased... [Investment News - 11/16/2009]
Angel Investors Point to the Stars [Public News Service - 11/16/2009]
Call to report all suspicious cash movements [Business Day - 11/16/2009]
College courier problem 'ignored' [New Zealand Herald - 11/15/2009]
Sold: Bernie Madoff's belongings [New Zealand Herald - 11/15/2009]
Madoff Auction Pulls In Double Auctioneers Hope [Huliq.com - 11/15/2009]
Madoff's possessions make $1M [CNEWS - 11/15/2009]
Madoff's belongings auctioned in NY [Sky News Australia - 11/15/2009]
Madoff items auctioned in NY [Finance 24 - 11/15/2009]
Bernard Madoff auction [Sky News Australia - 11/15/2009]

Blogs

sort by: Date \| Relevance
Huffington Post: Catholic Church 'Inexplicably ... [NewsBusters.org blogs - 11/12/2009] Allison Kilkenny, a self-styled “political humorist,” ripped the Catholic Church on the Huffington Post on Thursday for threatening to pull the plug in its social ...
Allison Kilkenny: Catholic Church Threatens To ... [The Huffington Post Full Blog Feed - 11/12/2009] A few days ago, I wrote about Goldman Sachs's transition from a bank holding company into a public relations disaster machine. I argued that Goldman's ...
2012’s Doomsday Predecessors: An Apocalyptic Pr... [Wired: Underwire - 11/11/2009] The sky is falling, again, as three upcoming movies explore the end of days, the apocalypse or whatever you want to call the dead-end ash heap that strikes fear ...
Judge throws out lawsuit against Stream Energy [NewsWatch: Energy - 11/11/2009] A Houston judge has thrown out a lawsuit where two sales reps for electric retailer Stream Energy claimed the firm was a pyramid scheme: U.S. District Judge Kenneth ...
Johann Hari: Face the Facts -- and End the War ... [The Huffington Post Full Blog Feed - 11/11/2009] The proponents of the ‘war on drugs’ are well-intentioned people who believe they are saving people from the nightmare of drug addiction and making the ...

Audio/Video

sort by: Date \| Relevance
How Do You Say "Pink Cadillac" in Man... [Slate Magazine - 11/17/2009]
Why the American brand Mary Kay is thriving in ... [Slate Magazine - 11/17/2009]

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Pyramid Scheme