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PUBLIC MARKS from bacon with tag bernie

April 2009

Who is Danny Pang, a mystery man? Ponzi scheme

Move over, Marc Dreier, Bernie Madoff, and Sir Allen Stanford. There’s a new financial villain on the scene, Danny Pang a native of Taiwan and the chairman and CEO of Private Equity Management Group Inc. in Irvine, has been a business partner wit...

December 2008

Reason behind $50B Bernard Madoff's Ponzi Scheme!

A Ponzi Scheme is fairly simple to understand. There are no underlying assets. Instead, the investment from new investors is used to pay off old investors. This could also be the final nail in the coffin in the hedge fund “industry” as anyo...

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