Ponzi Scheme Photos on Townhall

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    Posted: 6/23/2011 1:10:57 PM EST
    FILE - In this Jan. 24, 2011 file photo, Tobey Maguire, a cast member in "The Details," is interviewed at the premiere of the film at the 2011 Sundance Film Festival in Park City, Utah. Maguire and other celebrities and businessmen, including Nick Cassavettes, are being sued by a bankruptcy trustee attempting to recoup more than $4 million he claims the stars won during illicit poker matches in the Los Angeles area. The trustee is suing on behalf of those bilked by an imprisoned Ponzi scheme architect who allegedly used investors' money to pay off his gambling debts. (AP Photo/Chris Pizzello, file)
  •  - A Baccarat crystal eagle valued at $55,000 sits atop Allen Stanford's $3m antique desk at a court-ordered auction of property seized from his offices in Houston

    A Baccarat crystal eagle valued at $55,000 sits atop Allen Stanford's $3m antique desk at a court-ordered auction of property seized from his offices in Houston

    Posted: 6/4/2011 5:43:50 PM EST
    A Baccarat crystal eagle, once the symbol of Allen Stanford's empire and purportedly valued at $55,000, sits atop the disgraced financial executive's $3 million antique desk at a court-ordered auction of property seized from Stanford Financial's offices in Houston June 4, 2011. The 8 foot by 4 foot Victorian partner's library table, which Stanford claimed was once owned by a King, is more likely worth about $10,000, according to research conducted by the auction house. U.S. Prosecutors have accused Stanford of running a $7 billion Ponzi scheme and defrauding investors who bought bogus certificates of deposit issued by his Antigua-based SIBL. Stanford, who has denied any wrongdoing, is scheduled to go on trial in September. REUTERS/Richard Carson
  •  - Auctioneer Harry Worstell starts the bidding during a court-ordered auction of property seized from Stanford Financial's offices in Houston

    Auctioneer Harry Worstell starts the bidding during a court-ordered auction of property seized from Stanford Financial's offices in Houston

    Posted: 6/4/2011 2:06:05 PM EST
    Auctioneer Harry Worstell starts the bidding during a court-ordered auction of property seized from Stanford Financial's offices in Houston June 4, 2011. U.S. Prosecutors have accused Texas financier Allen Stanford of running a $7 billion Ponzi scheme and defrauding investors who bought bogus certificates of deposit issued by his Antigua-based SIBL. Stanford, who has denied any wrongdoing, is scheduled to go on trial in September. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - Allen Stanford's purported $3m antique desk is among items in a court-ordered auction of property seized from his offices in Houston

    Allen Stanford's purported $3m antique desk is among items in a court-ordered auction of property seized from his offices in Houston

    Posted: 6/4/2011 2:02:54 PM EST
    A prospective bidder takes a photo of disgraced financier Allen Stanford's purported $3 million antique desk, which he claimed was once owned by a King, which is among items in a court-ordered auction of property seized from Stanford's offices in Houston June 4, 2011. The 8 foot by 4 foot Victorian partner's library table is likely worth about $10,000, according to research conducted by the auction house. U.S. Prosecutors have accused Stanford of running a $7 billion Ponzi scheme and defrauding investors who bought bogus certificates of deposit issued by his Antigua-based SIBL. Stanford, who has denied any wrongdoing, is scheduled to go on trial in September. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - A Baccarat crystal eagle valued at $55,000 sits atop Allen Stanford's $3m antique desk at a court-ordered auction of property seized from his offices in Houston

    A Baccarat crystal eagle valued at $55,000 sits atop Allen Stanford's $3m antique desk at a court-ordered auction of property seized from his offices in Houston

    Posted: 6/4/2011 1:58:21 PM EST
    A Baccarat crystal eagle, once the symbol of Allen Stanford's empire and purportedly valued at $55,000, sits atop the disgraced financial executive's $3 million antique desk at a court-ordered auction of property seized from Stanford Financial's offices in Houston June 4, 2011. The 8 foot by 4 foot Victorian partner's library table, which Stanford claimed was once owned by a King, is more likely worth about $10,000, according to research conducted by the auction house. U.S. Prosecutors have accused Stanford of running a $7 billion Ponzi scheme and defrauding investors who bought bogus certificates of deposit issued by his Antigua-based SIBL. Stanford, who has denied any wrongdoing, is scheduled to go on trial in September. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - Allen Stanford's purported $3m antique desk is among items in a court-ordered auction of property seized from his offices in Houston

    Allen Stanford's purported $3m antique desk is among items in a court-ordered auction of property seized from his offices in Houston

    Posted: 6/4/2011 1:53:00 PM EST
    An customer takes a photo of disgraced financier Allen Stanford's purported $3 million antique desk, which he claimed was once owned by a King, which is among items in a court-ordered auction of property seized from Stanford's offices in Houston June 4, 2011. The 8 foot by 4 foot Victorian partner's library table is likely worth about $10,000, according to research conducted by the auction house. U.S. Prosecutors have accused Stanford of running a $7 billion Ponzi scheme and defrauding investors who bought bogus certificates of deposit issued by his Antigua-based SIBL. Stanford, who has denied any wrongdoing, is scheduled to go on trial in September. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - Potential bidders look at items offered for sale during a court-ordered auction of property seized from disgraced financier Allen Stanford's offices in Houston

    Potential bidders look at items offered for sale during a court-ordered auction of property seized from disgraced financier Allen Stanford's offices in Houston

    Posted: 6/4/2011 1:46:36 PM EST
    Potential bidders look at items offered for sale during a court-ordered auction of property seized from disgraced financier Allen Stanford's offices in Houston June 4, 2011. U.S. Prosecutors have accused Stanford of running a $7 billion Ponzi scheme and defrauding investors who bought bogus certificates of deposit issued by his Antigua-based SIBL. Stanford, who has denied any wrongdoing, is scheduled to go on trial in September. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - The headquarters of National Lampoon Inc is seen in Los Angeles

    The headquarters of National Lampoon Inc is seen in Los Angeles

    Posted: 3/17/2011 1:38:36 AM EST
    The headquarters of National Lampoon Inc is seen in Los Angeles March 16, 2011. The president and CEO of the comedy firm National Lampoon Inc was arrested on Wednesday on charges that he defrauded investors in a $200 million Ponzi scheme built around a separate business loan company. REUTERS/Mario Anzuoni (UNITED STATES - Tags: CRIME LAW MEDIA BUSINESS)
  •  - The headquarters of National Lampoon Inc are pictured in Los Angeles

    The headquarters of National Lampoon Inc are pictured in Los Angeles

    Posted: 3/17/2011 1:38:17 AM EST
    The headquarters of National Lampoon Inc is seen in Los Angeles March 16, 2011. The president and CEO of the comedy firm National Lampoon Inc was arrested on Wednesday on charges that he defrauded investors in a $200 million Ponzi scheme built around a separate business loan company. REUTERS/Mario Anzuoni (UNITED STATES - Tags: CRIME LAW MEDIA BUSINESS)
  •  - The headquarters of National Lampoon Inc is seen in Los Angeles

    The headquarters of National Lampoon Inc is seen in Los Angeles

    Posted: 3/17/2011 1:37:55 AM EST
    The headquarters of National Lampoon Inc is seen in Los Angeles March 16, 2011. The president and CEO of the comedy firm National Lampoon Inc was arrested on Wednesday on charges that he defrauded investors in a $200 million Ponzi scheme built around a separate business loan company. REUTERS/Mario Anzuoni (UNITED STATES - Tags: CRIME LAW MEDIA BUSINESS)
  •  - The headquarters of National Lampoon Inc is seen in Los Angeles

    The headquarters of National Lampoon Inc is seen in Los Angeles

    Posted: 3/17/2011 1:33:02 AM EST
    The headquarters of National Lampoon Inc is seen in Los Angeles March 16, 2011. The president and CEO of the comedy firm National Lampoon Inc was arrested on Wednesday on charges that he defrauded investors in a $200 million Ponzi scheme built around a separate business loan company. REUTERS/Mario Anzuoni (UNITED STATES - Tags: CRIME LAW MEDIA)
  •  - The headquarters of National Lampoon Inc are pictured in Los Angeles

    The headquarters of National Lampoon Inc are pictured in Los Angeles

    Posted: 3/17/2011 1:32:03 AM EST
    The headquarters of National Lampoon Inc is seen in Los Angeles March 16, 2011. The president and CEO of the comedy firm National Lampoon Inc was arrested on Wednesday on charges that he defrauded investors in a $200 million Ponzi scheme built around a separate business loan company. REUTERS/Mario Anzuoni (UNITED STATES - Tags: CRIME LAW MEDIA)
  •  - The headquarters of National Lampoon Inc is seen in Los Angeles

    The headquarters of National Lampoon Inc is seen in Los Angeles

    Posted: 3/17/2011 1:31:06 AM EST
    The headquarters of National Lampoon Inc is seen in Los Angeles March 16, 2011. The president and CEO of the comedy firm National Lampoon Inc was arrested on Wednesday on charges that he defrauded investors in a $200 million Ponzi scheme built around a separate business loan company. REUTERS/Mario Anzuoni (UNITED STATES - Tags: CRIME LAW MEDIA)
  •  - File photo of Irving Picard in New York

    File photo of Irving Picard in New York

    Posted: 3/2/2011 4:58:09 AM EST
    Irving Picard speaks during a news conference in New York in this December 17, 2010 file photo. The trustee seeking money for victims of Bernard Madoff's Ponzi scheme has sued Tremont Group Holdings for $2.1 billion, saying it missed warning signs the business could be a fraud. Picard accused Tremont of missing "red flags" and "blindly relying on Madoff to drive their funds' returns" for nearly 15 years, according to an amended complaint filed on Monday in the federal bankruptcy court in Manhattan. REUTERS/Shannon Stapleton/Files (UNITED STATES - Tags: HEADSHOT CRIME LAW BUSINESS)
  •  - Preet Bharara, the United States Attorney for the Southern District of New York, Irving Picard, SIPA Trustee, and Orlan Johnson, SIPC are seen at a news conference in New York

    Preet Bharara, the United States Attorney for the Southern District of New York, Irving Picard, SIPA Trustee, and Orlan Johnson, SIPC are seen at a news conference in New York

    Posted: 12/17/2010 2:27:49 PM EST
    Preet Bharara (L), the United States Attorney for the Southern District of New York, Irving Picard (C), the Securities Investor Protection Act (SIPA) Trustee, and Orlan Johnson (R), the Chairman of the Securities Investor Protection Corporation (SIPC), stand during a news conference announcing an agreement to recover $7.2 billion for victims of Bernard Madoff's ponzi scheme from the estate of Jeffry Picower in New York, December 17, 2010. Picower, the billionaire beneficiary of Madoff's fraud, who died of a heart attack in Florida in October 2009, was sued by trustee Irving Picard for $7.2 billion. The Picower family said at the time of his death that he had been working toward reaching a settlement. REUTERS/Shannon Stapleton (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - Accused swindler Allen Stanford arrives at Federal Court in Houston

    Accused swindler Allen Stanford arrives at Federal Court in Houston

    Posted: 12/17/2009 11:38:34 AM EST
    Accused swindler Allen Stanford arrives at Federal Court in Houston December 17, 2009. A federal judge found Stanford and his attorneys in contempt of a court order on Wednesday over their attempts to collect insurance policy proceeds to pay defense costs. Stanford, 59, is accused of leading a Ponzi scheme centered on certificates of deposit issued by his Stanford International Bank Ltd, his offshore bank in Antigua. He has denied any wrongdoing. REUTERS/Donna Carson (UNITED STATES - Tags: CRIME LAW BUSINESS IMAGES OF THE DAY)
  •  - Allen Stanford arrives at federal court in Houston

    Allen Stanford arrives at federal court in Houston

    Posted: 9/15/2009 9:06:03 AM EST
    Allen Stanford arrives at federal court for a hearing sporting hand cuffs, leg irons and an orange jumpsuit in Houston September 15, 2009. Stanford faces civil and criminal fraud charges related to a suspected Ponzi scheme which prosecutors claim funded his luxurious lifestyle. REUTERS/Richard Carson (UNITED STATES BUSINESS CRIME LAW HEADSHOT)
  •  - Former Stanford Financial Group Chief Financial Officer Davis leaves a federal court after appearing before a magistrate on charges related to investigation into the company, in Houston

    Former Stanford Financial Group Chief Financial Officer Davis leaves a federal court after appearing before a magistrate on charges related to investigation into the company, in Houston

    Posted: 7/13/2009 1:20:47 PM EST
    Former Stanford Financial Group Chief Financial Officer James Davis leaves a federal court with his wife, after appearing before a magistrate on charges related to the investigation into the company, in Houston July 13, 2009. Davis plans to enter a guilty plea to federal charges as early as next week, his lawyer said on Monday. Davis faces 30 years in prison on conspiracy and obstruction charges related to an alleged $7 billion Ponzi scheme involving certificates of deposit issued by the offshore bank in Antigua. REUTERS/Richard Carson (UNITED STATES BUSINESS CRIME LAW)
  •  - Harry Markopolos, a former financial executive, testifies before a House Financial Services Subcommittee on "Assessing the Madoff Ponzi Scheme and Regulatory Failures" in Washington

    Harry Markopolos, a former financial executive, testifies before a House Financial Services Subcommittee on "Assessing the Madoff Ponzi Scheme and Regulatory Failures" in Washington

    Posted: 2/4/2009 11:55:21 AM EST
    Harry Markopolos, a former financial executive, listens while testifying before a House Financial Services Subcommittee on "Assessing the Madoff Ponzi Scheme and Regulatory Failures" in Washington February 4, 2009. Markopolos, who tried to blow the whistle on Bernard Madoff, told Congress that securities regulators had ignored his repeated pleas for a thorough investigation of the accused swindler's alleged $50 billion fraud. REUTERS/Jason Reed (UNITED STATES)
  •  - To match feature FINANCIAL/ETHICS

    To match feature FINANCIAL/ETHICS

    Posted: 1/27/2009 7:23:15 PM EST
    A man holds a sign referring to disgraced financier Bernard Madoff outside Madoff's luxury apartment building on New York City's upper east side in this January 14, 2009 file photo. The collapse of investment banks Bear Stearns and Lehman Brothers, a $700 billion U.S. financial bailout and an alleged $50 billion Ponzi scheme by financier Bernard Madoff have contributed to a crisis of confidence in business that experts say will take strong action and a long time to reverse. To match feature FINANCIAL/ETHICS REUTERS/Mike Segar/Files (UNITED STATES)