Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

Ponzi Estate Sues Federal Prosecutors For Slander

By       Message Steve mcqueen       (Page 1 of 1 pages)     Permalink    (# of views)   2 comments

Related Topic(s): , Add Tags
Add to My Group(s)

Funny 1   Interesting 1  
View Ratings | Rate It Headlined to H3 12/18/08

Author 2501
- Advertisement -

Family of Famed Pyramid Schemer Loses Millions In Madoff Fraud

(SYOP 12/18/08) A spokesman for the Charles Ponzi estate revealed that the Ponzi family had lost untold millions in investments made with Madoff Securities and has sued in federal court demanding federal prosecutors, securities and exchange officials, the media as a whole cease and desist any further usage of Mr. Ponzi’s name and legacy in referencing Bernard Madoff’s purported crimes.

“It isn’t bad enough that the family was duped out of millions, but for federal officials and reporters to continue to associate Mr. Ponzi’s creative investment strategy to Bernard Madoff’ outright scam does great harm by defaming Mr Ponzi’s reputation,” said Ponzi estate attorney, Rob D’Frawd. “Compared to Bernard Madoff, Charles Ponzi was Mother Teresa.”

Charles Ponzi, alias Charles Ponei, Charles P. Bianchi, and Chuck the Schmuck, scammed thousands out of millions of dollars by means of a pyramid scheme in the early part of the 20th century.

- Advertisement -

“Over the years filmmakers, novelists, and the guy who came up with the expression, ‘too good to be true,’ have benefited from Mr. Ponzi’s creative investment techniques. With Mr Madoff’s outright greed and egregious disregard for the charismatic ingenuity of Mr. Ponzi, the continued misusage of Mr. Ponzi’s good name in describing Mr. Madoff’s criminal activities can forever deprive his family from receiving its just earnings.”

Among those hurt by Madoff’s scheme were hospitals, religious schools, senior centers, human rights programs, Steven Spielberg, Holocaust survivor and humanitarian Ellie Weisel.

“Mr. Ponzi only robbed Peter to pay Paul,” claims Jewish charity expert, Simcha Mitzvah. “Madoff was robbing Bubby to pay Zada.”

- Advertisement -


Award-winning TV writer, Steve Young is author of "Great Failures of the Extremely Successful" ( and blogs at the appropriately named,


- Advertisement -

Funny 1   Interesting 1  
View Ratings | Rate It

My "bio" is not relevant to this discussion

Steve mcqueen Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Related Topic(s): , Add Tags
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Breaking! McCain Concedes!

Palin/Couric Interview Bombshell: Palin Unable To Name All Her Children's Names

It's Sunday - So Where's Sarah?

Fake FEMA Press Conference Template Making The Rounds

Image of Virgin Mary Found In Sarah Palin's Bouffant

Palin Suspends Vice Presidential Campaign: Rushes Back to Alaska to Keep an Eye on Russia