All articles tagged with #madoff ponzi scheme
HSBC anticipates a $1.1 billion loss due to a legal dispute related to its involvement in the Madoff Ponzi scheme, highlighting significant financial and reputational risks for the bank.
Bobby Bonilla, who hasn't played in MLB for over 20 years, continues to receive nearly $1.2 million annually from the New York Mets until 2035 due to a deferred payment deal linked to the Mets' previous investment in Bernie Madoff's Ponzi scheme, highlighting a long-standing practice of deferred sports contracts.