Offshore Mystery

Novack, Janet
October 2005
Forbes Asia;10/17/2005, Vol. 1 Issue 5, p30
The article investigates the involvement of a firm called Derivium Capital LLC in a Ponzi scheme. The Derivium deal called for the customer to get a loan equal to 90 percent of the value of his shares. If the stock went up, he could get it back by repaying the loan, with interest. If it was worth more, a borrower could pay off the loan and get the stock back, roll over the loan into a larger one or ask the stock be sold and take profits.


Related Articles

  • Safeguard #2: Walk Away from "Too Good to Be True.". MAROTTA, DAVID JOHN // Hudson Valley Business Journal;1/26/2009, Vol. 19 Issue 4, p8 

    The author emphasizes the importance of avoiding any investment opportunity that sounds too good to be true based on his father's experience. The author also cites the case of Madoff Securities who was caught in a Ponzi scheme. According to the author, one should not be mesmerized either by the...

  • Alleged Ponzi Scheme Expands To More Victims, $50 Million.  // India -- West;2/26/2010, Vol. 35 Issue 14, pB2 

    The article reports on the allegations for Tarak Chaudhary multi-million dollar Ponzi scheme which swindled about 50 million dollars fund from NRI Welfare Society of India in California.

  • AG's office caught in the middle of 'Ponzi' probe. Sanders, Bob // New Hampshire Business Review;2/12/2010, Vol. 32 Issue 3, p1 

    The article reports on the investigation conducted by the New Hampshire Attorney General's Office regarding the alleged Ponzi scheme that involves Financial Resources Mortgage Inc. (FRM). It notes that the investigation aims to examine how such fraud could escape regulators' notice despite early...

  • STEERING CLEAR OF INVESTMENT SCAMS. Shouse, Cathy // Saturday Evening Post;Mar/Apr2008, Vol. 280 Issue 2, p52 

    The author of the article discusses ways to prevent being involved in scams perpetrated by con artists. These scams include Ponzi schemes which usually collapse, leaving the investor holding a worthless property. The article lists a set of warnings to check which includes investigating the...

  • Have you met Charlie? Spot the four red flags to protect your money from Ponzi schemes. Loosle, Joseph // Enterprise/Salt Lake City;6/11/2012, Vol. 41 Issue 46, p13 

    The author discusses warning signs in spotting fraudulent investment schemes such as those perpetrated by infamous con man, Charles Ponzi. He cautions private investors against investments that offer high return and low risk, those that build on either the herd-like mentality or has the...

  • DziesiÄ™ciu najwiÄ™kszych oszustów XXI wieku. Kropiwnicki, Jerzy // Annales. Etyka w Zyciu Gospodarczym;2013, Vol. 16, p75 

    Non-ethical behaviour of persons belonging to financial elites of the world has been characteristic of our times. They could be found in many countries - from the USA to France, Japan, China, etc. Their activities have financially ruined many people and caused enormous losses to the institutions...

  • Pinay charged in $1.8-M Ponzi scheme.  // Filipino Reporter;4/5/2013, Vol. 41 Issue 18, p11 

    The article reports that Carmelita del Rosario was charged with 2 counts of fraud of over 5,000 U.S. dollars for allegedly bilking 49 people mostly Filipinos out of amounts ranging from 2,000 U.S. dollars to around 25,000 or 35,000 U.S. dollars. Del Rosaro allegedly used her job at the Workers'...

  • PONZI SCHEMES: A FRAUDULENT BITE. MEHTANI, PRIYANKA // International Journal of Research in Commerce, IT & Management;Oct2014, Vol. 4 Issue 10, p105 

    The paper deals with the origin of ponzi scheme and the factors which have been largely responsible for mushrooming of these schemes in India. The financial impact of the schemes in India has been also analyzed along with the steps taken by the regulators for controlling the illegal flow of...

  • EQUITY RECEIVERSHIPS FOR PONZI SCHEMES. Gradwohl, David A.; Corbett, Karin // Seton Hall Legislative Journal;Jun2010, Vol. 34 Issue 2, p181 

    The article discusses the falsehood of the returns promised by the Ponzi schemes. It mentions that the perpetrators have been way too greedy to draw investors to start the scheme and keep it going, with much of the money invested they use to live a lavish lifestyle. It affirms that most victims...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics