• Wed
  • Sep 17, 2014
  • Updated: 8:03am

Confidence Tricksters

Report rejects Sino-Forest fraud claims

A committee tasked to review the books of Sino-Forest, which claims to be China's biggest logging firm, but is accused by a short-seller as a 'near total fraud', has issued a second interim report refuting the allegations.

Wednesday, 16 November, 2011, 12:00am

Quotes of the week

I'm not sure how I felt about him waking up

Ruth Madoff, on her failed suicide bid with husband Bernie two weeks after his massive Ponzi scheme was revealed

He made our lives hell. I wanted to see him dead with my own eyes

Mohammed, one of thousands of Libyans who flocked to see the remains of Muammar Gaddafi

30 Oct 2011 - 12:00am

Citi faulted for poor oversight

Citigroup has been reprimanded by Hong Kong's securities regulator for failing to notice that one of its former private bankers operated a Ponzi scheme for five years.

4 Oct 2011 - 12:00am

2b yuan 'Ponzi' bank scam exposed

A private moneylender in the Inner Mongolia Autonomous Region is being held for manipulating state-owned banks and staff to funnel people's money into her accounts in a multibillion-yuan Ponzi-type scheme.

28 Sep 2011 - 12:00am

Organiser takes leaf from Bernie Madoff's book to raise money for charity

Suck it up, Bernie Madoff: the good people of Hong Kong are turning your fraudulent scheme on its heels for a good cause. Led by fund-raiser Catherine LaJeunesse (pictured with husband Andre), five charitable Hongkongers kick off the city's first legal ponzi scheme this afternoon with a pledge of HK$100 each and a tour of free multimedia art event Hope & Glory in Taikoo Place.

14 May 2010 - 12:00am

No One Would Listen

No One Would Listen by Harry Markopolos Wiley HK$240

It's a wonder Harry Markopolos doesn't have a permanently dislocated shoulder - he spends almost 300 pages of this book patting himself on the back.

25 Apr 2010 - 12:00am

Madoff scandal shows need to tighten oversight

The Bernard Madoff scandal has shown the world's governments they need to strengthen regulation of hedge funds and banks, the senior officer in charge of the infamous Ponzi scheme investigation said.

17 Dec 2009 - 12:00am


Madoff by Erin Arvedlund Penguin, HK$142

22 Nov 2009 - 12:00am

More than dozen HK firms on victims list

More than a dozen business entities with addresses registered in Hong Kong have been named as victims in the alleged Bernard Madoff scandal, according to court documents.

Details of the businesses and of their exposures to Madoff were sketchy. However, some of the firms that were named share the same registered addresses.

6 Feb 2009 - 12:00am

'Pssst! Wanna get rich quick?'

If it seems too good to be true, it probably is. This might be the conventional wisdom among savvy investors, but they do not always abide by it.

5 Jan 2009 - 12:00am