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24/07/2019 · Bernie Madoff, the mastermind of the biggest Ponzi scheme in history, is seeking help from President Trump, hoping to shorten his 150-year prison sentence. Madoff, who pleaded guilty to securities fraud that cost investors $65 billion dollars in 2009, is seeking clemency from the president. 24/07/2019 · Bernie Madoff wants a favor from Donald Trump: He’s asking the president to reduce his 150-year prison sentence. Madoff pleaded guilty to 11 crimes in 2009 that were connected with what CNBC called the largest Ponzi scheme in history. Prosecutors. 24/07/2019 · Bernie Madoff, the notorious Ponzi schemer, has asked President Donald Trump to commute his 150-year prison sentence, of which he has served a decade. Madoff, 81, is imprisoned in a federal medical center in North Carolina. During his presidency, Trump has. 25/07/2019 · It was unclear when the 81-year-old Madoff filed papers asking President Trump, who has final say on clemency, to commute the term he’s serving at a North Carolina prison. Ira Sorkin, the lawyer who represented Madoff in his criminal case, declined comment on Wednesday. Madoff pleaded guilty to orchestrating the largest Ponzi scheme in history. CNBC reports: Notorious Ponzi schemer Bernie Madoff has filed a petition with the Justice Department asking that President Donald Trump reduce his 150-year prison sentence. Madoff, 81, is currently serving that sentence in a federal prison in Butner, North Carolina, for orchestrating the largest Ponzi scheme in history. His decadeslong scam.

Ponzi Scheme Theft Loss And The Trump Tax Cut. lehman Posted on July 7, 2018 Posted in Ponzi Schemes & Tax Loss. Under the Trump Tax Cut and Jobs Act, there no longer is the ability to carry back losses to prior years to obtain deductions and tax refunds. Several weeks ago, a GOP strategist told SiriusXM's Michelangelo Signorile that Donald Trump's hold on his followers is a Ponzi scheme. "It only works as long as it appears to work," Signorile obs. 23/11/2017 · Basically with a Ponzi scheme there is no there there. This has always been the essence of Donald J. Trump’s entire master BS life. The Trump con of course was to convince banks and the sophisticated, along average Joes, that he is a super wealthy, highly successful businessman. 29/09/2015 · But when Trump first flirted with running for president in 2000, he wanted to privatize the program and raise the retirement age, and called the program a Ponzi scheme. "Fast-forward to 1941," writes Trump after a long explanation of the first Ponzi scheme to intro his chapter on "Making Social Security Secure Again.". This is the Ponzi scheme tax deduction for theft losses. The new Trump Tax plan will make the Ponzi Scheme theft loss deduction less valuable to many victims of financial thefts. For many people their tax refunds from the Ponzi Scheme tax losses may be much.

11/12/2017 · The views expressed by contributors are their own and not the view of The Hill At its root, bitcoin is a Ponzi scheme — it will stay afloat only as long as enough people buy the fiction that bitcoin represents real value. All other cyber currencies are Ponzi schemes, too, except, arguably, initial. 11/09/2017 · It is often said that Donald Trump is a confidence artist, a snake-oil salesman, a fraudster. The truth is much more disturbing. The U.S. president is a Ponzi scheme unto himself. He has gotten many hardworking people to invest their hopes and dreams in him. Former Ponzi Scheme Leader Bernie Madoff Asks Trump For Reduction Of 150-Year Sentence. by Benjamin Wuersch August 4, 2019, 12:22 pm Daily Digest, News, News Feed > Bernie Madoff has asked President Donald Trump to reduce his 150 year prison sentence. Madoff. "Ponzi Super Nova", an episode of the podcast Radiolab released February 10, 2017, in which Madoff is interviewed over prison phone. Chevelle's song "Face to the Floor", as described by the band, is a "pissed off, angry" song about people who got taken by the Ponzi scheme.

OPINION Newsweek – Richard W. Painter, who served as the chief ethics lawyer in President George W. Bush’s White House, blasted President Donald Trump’s personal spiritual adviser Paula White, suggesting the religious leader was committing “fraud” and running a “Ponzi scheme.”.

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