Ponzi Victims Coalition

Welcome

Welcome to the Ponzi Victims Coalition website.

This is a site dedicated to the presentation of information about fraudulent "Ponzi" investment schemes, including those foisted on the investing public recently by Tom Petters and Bernard Madoff. The founders of the Ponzi Victims Coalition are dedicated to pursuing legislative and litigative actions to mitigate the devastating effects these schemes have had upon fundholders, pensioneers, stockholders, and all investors -- direct and indirect -- in these tainted investment instruments.

As a quick guide to this site, visit the Pages and Political Action tabs to find documents and other resources that you can use to become politically active, as well as contact information for your local U.S. Senators and Representatives, Congressional Committee members, and Executive Branch officials. Feel free to start a new discussion about your personal experiences or viewpoints on the Ponzi schemes in the Discussions tab. Or click on one of the Petters/Madoff news links at the bottom of this Home page to keep abreast of the latest news in these scandals.

And always remember to look at the Latest Activity section just below to see the new postings and information since your last visit.

Enter, and participate actively in this process!

Site Update

Now that Bernard Madoff has a new home and new attire, justice has been served and that's the final chapter of the story, right? Wrong! The tens of thousands of investors who were bilked by Madoff, Petters, Stanford, and others are still as impoverished -- in some cases penniless -- as ever. There still exists no legal recourse for indirect victims, and there can be no true recompense until there is.

Please continue to visit us here and help us to take action as we pursue our efforts for justice and restitution to be served -- fairly and equitably to all.

Latest Activity

Laser Haas is now a member of Ponzi Victims Coalition
Mar 15
George Grabek replied to TT's discussion Trenholm Healy, William Wise's Good Friend? Two of Cornwall's Favourite Sons ...Off To Sunnier Climes?
"Turn your self around Wise before it is to late... God forgives....Pay back those you stole from...do the right thing.."
Mar 7
George Grabek replied to TT's discussion Trenholm Healy, William Wise's Good Friend? Two of Cornwall's Favourite Sons ...Off To Sunnier Climes?
"Yes, ans I have invested a large sum of $$$$ I do hope the FBI and the DOJ get him asap before he disappears.. He is now 62 yrs. old ...Lets not waste any more time and put him to where he deserves to be...I would enjoy seeing him live the lifestyle…"
Mar 7
Kevin Allen Ake, CPA replied to Kevin Allen Ake, CPA's discussion Algrid Norkus - Sentencing
"Rescheduled until August 25, 2011 2:30pm"
Jul 19, 2011
Kevin Allen Ake, CPA posted a discussion

Algrid Norkus - Sentencing

New Sentencing Date for Algird Norkus: July 15The original sentencing date of June 23 for ponzi schemer Algird Norkus has been canceled. The new sentencing date is July 15, 2011 at 02:30 PM at Courtroom 220, at the U.S. Courthouse, 211 South Court St., Rockford, IL 61101 before Judge Frederick Kapala. I will be there with many of our clients/victims. While the Judge is free to impose a…See More
Jun 27, 2011
Profile IconHoward Rosenfield and Richard Lienesch joined Ponzi Victims Coalition
Mar 19, 2011
Janet Bland is now a member of Ponzi Victims Coalition
Mar 4, 2011
Clancy Ellebracht is now a member of Ponzi Victims Coalition
Mar 2, 2011

Forum

Algrid Norkus - Sentencing 1 Reply

Started by Kevin Allen Ake, CPA. Last reply by Kevin Allen Ake, CPA Jul 19, 2011.

IRA Loss Treatment - Help Requested

Started by Edward Hill Mar 1, 2011.

Clawback - help required urgently please 3 Replies

Started by Wendy Lawrence. Last reply by Kevin Allen Ake, CPA Feb 7, 2011.

Rev Proc 2009-52

Started by Kevin Allen Ake, CPA Jan 10, 2011.

Bernard Madoff links from the news

Do the right thing. Then get fired - Reuters


Do the right thing. Then get fired
Reuters
The May 8 ruling makes clear that compliance officers in the state where Bernard Madoff ran a multi-billion-dollar Ponzi scheme can be fired for pointing out the very violations they were hired to detect. New York is home to roughly 2100 registered ...

New York Mets to Host 2013 MLB All-Star Game, First in 49 Years - BusinessWeek


Globe and Mail

New York Mets to Host 2013 MLB All-Star Game, First in 49 Years
BusinessWeek
Selig said the Mets' legal involvement in Bernard Madoff's Ponzi scheme had no effect on the decision. Wilpon and Mets co- owner Saul Katz agreed in March to pay $162 million to settle Madoff trustee Irving Picard's $1 billion lawsuit over whether the ...
Mets to host '13 All-Star Game
MLB announces Mets as 2013 All-Star host

ABN Amro, Feeder Funds Win Review of Madoff Trustee Suits - BusinessWeek


ABN Amro, Feeder Funds Win Review of Madoff Trustee Suits
BusinessWeek
By Linda Sandler on May 16, 2012 ABN Amro Bank NV and investment funds sued by the liquidator of Bernard Madoff's brokerage succeeded in moving their cases to a district judge who may cut the amount of money the Madoff trustee can try to reclaim.
ABN Amro, Other Madoff Funds To Get Review By NY Judge

Probe of SEC Watchdog Office Could Revisit Madoff Report - Bloomberg


Probe of SEC Watchdog Office Could Revisit Madoff Report
Bloomberg
Investigations criticizing the Securities and Exchange Commission's failure to catch the Bernard Madoff and R. Allen Stanford frauds may be thrown into question by allegations of misconduct and conflicts of interest inside the office of the agency's ...

Madoff Sons' Wives Sued by Trustee Picard for $57.5 Million - Washington Post


Daily Mail

Madoff Sons' Wives Sued by Trustee Picard for $57.5 Million
Washington Post
May 7 (Bloomberg) -- The trustee liquidating Bernard L. Madoff Investment Securities Inc. revised a lawsuit to add the spouses of Bernard Madoff's two sons as defendants on $57.5 million in claims. The new claims, filed May 4, are part of Irving ...
Madoff trustee now seeks $255 mln from family
Widow of Madoff's son who committed suicide sued along with relatives for $255 ...

Tom Petters links from the news

EU navy, helicopters strike pirate supply center - KFVS


EU navy, helicopters strike pirate supply center
KFVS
The US Supreme Court says it won't take up the case of Minnesota businessman Tom Petters. Tropical Storm Aletta has formed in the Pacific, becoming the first named storm of the year in the eastern north Pacific. Tropical Storm Aletta has formed in the ...

Supreme Court Won't Review Petters Conviction - Wall Street Journal (blog)


Thomson Reuters News & Insight

Supreme Court Won't Review Petters Conviction
Wall Street Journal (blog)
By Jacqueline Palank The nation's highest court won't review the conviction of Tom Petters, whose business empire once encompassed Polaroid and Sun Country Airlines before his arrest on charges that he ran a massive Ponzi scheme.
US Supreme Court declines review in Petters' Ponzi case
US Supreme Court won't review Ponzi scheme case
US Supreme Court Denies Request to Review Petters Case

US Supreme Court won't review Ponzi scheme case - STLtoday.com


US Supreme Court won't review Ponzi scheme case
STLtoday.com
The US Supreme Court says it won't take up the case of Minnesota businessman Tom Petters. In documents made public Tuesday, the nation's highest court denied Petters' request to review his 2009 conviction on charges he orchestrated a $3.65 billion ...

US Supreme Court says it won't review Minn. businessman's conviction in $3.65B ... - Washington Post


Minneapolis Star Tribune

US Supreme Court says it won't review Minn. businessman's conviction in $3.65B ...
Washington Post
MINNEAPOLIS — The US Supreme Court says it won't take up the case of Minnesota businessman Tom Petters. In documents made public Tuesday, the nation's highest court denied Petters' request to review his 2009 conviction on charges he orchestrated a ...
U.S. Supreme Court won't review Petters' conviction

US Supreme Court won't review Petters' conviction - CanadianBusiness.com


US Supreme Court won't review Petters' conviction
CanadianBusiness.com
By AP | May 15, 2012 MINNEAPOLIS (AP) — The US Supreme Court says it won't take up the case of Minnesota businessman Tom Petters. In documents made public Tuesday, the nation's highest court denied Petters' request to review his 2009 conviction on ...

 
 
 

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