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8 of the most notorious Ponzi schemes in US history

8 of the most notorious Ponzi schemes in US history CNN 2 hrs ago By Breeanna Hare and Marika Gerken, CNN © Mario Tama/Getty Images Accused $50 billion Ponzi scheme swindler Bernard Madoff exits federal court March 10, 2009 in New York City. Madoff was attending a hearing on his legal representation and is due back in court Thursday.crin (Photo by Mario Tama/Getty Images) An East Coast businessman lures in more than two dozen investors with promises of lucrative profits when in reality those profits don t exist, and he s using money from new investors to pay back previous ones. But in this particular case, his name isn t Bernie Madoff. It s Ian Bick.

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