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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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