Bernie Madoff died at 82 in a prison at Butner, North Carolina

Photo: AP News

US's Biggest Investment Scam Convict Passes Away At Federal Prison

The US's largest Ponzi scheme convict Bernie Madoff passed away on April 14 at federal prison's medical facility in Butner, North Carolina. The 82-year-old had a natural death, a year after the court denied his lawyer's request to release him considering medical reasons. Nonetheless, he pleaded guilty of running an investment scam in March 2009. Reportedly, around $13 billion of his investors have been recovered out of $17.5 billion.

Thu, 15 Apr 2021 - 06:20 PM / by Neha Sanjeev

Tags: Ponzi scam, Ponzi scheme, Finance, Investments

Courtesy: Money control

A man held for cheating 130 people

Representational Image

Ponzi Scam: Delhi Man Arrested for Cheating over 130 People of Rs 5 Crore

Arun Agnihotri (38) has been arrested by the Delhi police for allegedly cheating more than 130 people of nearly Rs 5 Crore. According to the police, Agnihotri would promise them a monthly return of 200% on the investment made through 'Ponzi scheme'. After collecting a sufficient amount, he would shut his offices and run away. Reportedly, the accused is a resident of West Sant Nagar, Delhi.

Thu, 06 Aug 2020 - 11:39 AM / by Anjali Bharti

Tags: Delhi Police, Delhi Government , Ponzi scam, Ponzi scheme

Courtesy: India Today