The Year of Ponzi Schemes
Apparently, 2009 is the year of of Ponzi schemes, as more than 150 schemes were discovered this year, accounting for 21% of the SEC’s workload. According to an analysis by the Associated Press, tens of thousands of investors lost over $16.5 billion in 2009 in all 50 states. Why? Ponzi schemes!
In 2008, only 40 Ponzi schemes were taken down, which took up 17% of the SEC’s workload. 2008 does win on one count, though. 2009’s biggest Ponzi schemer, Allen Stanford (shown above), is like a kid who stole a lollipop from a candy store compared to 2008’s Ponzi master, Mr. Bernie Madoff.
Via: NY Mag
Related Articles
Banyan Tree Higashiyama Kyoto: Kyoto’s Most Serene New Luxury Hotel
High above Kyoto’s historic Higashiyama district, surrounded by bamboo groves, ancient temples, and forested mountain slopes, stands one of Japan’s most captivating new luxury hotels. Opened on August 1, 2024, Banyan Tree Higashiyama Kyoto is the first Banyan Tree property in Japan and has quickly become one of the city’s most sought-after luxury retreats. Nestled […]
Cala Bennati Is Positioning Itself as the Defining Prosecco Brand for a New Generation of Celebrations
As National Prosecco Day arrives, Cala Bennati continues building momentum through luxury experiences, premium Italian winemaking, and lifestyle appeal.
Jon-Paul Wheatley’s “Badly Drawn Ball” Arrives Among Miami’s Most Luxurious Shopping
A soccer ball has taken over one of Miami’s most glamorous shopping destinations, and it might just be the most thoughtful one you’ve ever seen. Photo Credit: World Red Eye Bal Harbour Shops unveiled “12 Pentagons” on Wednesday evening, a multi-week immersive art installation by British multidisciplinary artist and football designer Jon-Paul Wheatley. The launch […]
Inside World Gin Week: The Global Celebration Bringing Gin Lovers Together Across Five Continents
World Gin Week 2026 brings together 36 bars across 10 countries for a global celebration of gin. Get all the details here.
The Hautest Summer Wedding Guest Dresses of the Season
Whether you’re attending a formal black tie wedding or looking for a beachy destination look, the best summer wedding guest dresses await.
The On x Loewe Collaboration Just Keeps Getting Better and Better
On and Loewe have been creating some of the hottest sneakers around town, and the latest installment of its ongoing collaboration is no different.
Latest Stories
Trending Articles
Related Articles
Banyan Tree Higashiyama Kyoto: Kyoto’s Most Serene New Luxury Hotel
High above Kyoto’s historic Higashiyama district, surrounded by bamboo groves, ancient temples, and forested mountain slopes, stands one of Japan’s most captivating new luxury hotels. Opened on August 1, 2024, Banyan Tree Higashiyama Kyoto is the first Banyan Tree property in Japan and has quickly become one of the city’s most sought-after luxury retreats. Nestled […]
Cala Bennati Is Positioning Itself as the Defining Prosecco Brand for a New Generation of Celebrations
As National Prosecco Day arrives, Cala Bennati continues building momentum through luxury experiences, premium Italian winemaking, and lifestyle appeal.
Jon-Paul Wheatley’s “Badly Drawn Ball” Arrives Among Miami’s Most Luxurious Shopping
A soccer ball has taken over one of Miami’s most glamorous shopping destinations, and it might just be the most thoughtful one you’ve ever seen. Photo Credit: World Red Eye Bal Harbour Shops unveiled “12 Pentagons” on Wednesday evening, a multi-week immersive art installation by British multidisciplinary artist and football designer Jon-Paul Wheatley. The launch […]
Inside World Gin Week: The Global Celebration Bringing Gin Lovers Together Across Five Continents
World Gin Week 2026 brings together 36 bars across 10 countries for a global celebration of gin. Get all the details here.
The Hautest Summer Wedding Guest Dresses of the Season
Whether you’re attending a formal black tie wedding or looking for a beachy destination look, the best summer wedding guest dresses await.
The On x Loewe Collaboration Just Keeps Getting Better and Better
On and Loewe have been creating some of the hottest sneakers around town, and the latest installment of its ongoing collaboration is no different.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events