Ponzi schemes leave their victims in financial ruin and their perpetrators, if caught, with lengthy prison terms such as the 110-year sentence given today to Ponzi schemer and former Texas billionaire Allen Stanford. What is a Ponzi scheme?
The Thunder have all of the momentum heading into Game 2.
Allen Stanford, a one-time billionaire financier, was sentenced to 110 years in prison on Thursday, June 14. U.S. District Judge David Hitner handed out the sentence to Stanford who in 2009 became the subject of several fraud investigations.
The NBA Finals, featuring two of the league's best teams in the Miami Heat and Oklahoma City Thunder continues with Game 2 on Tuesday night at 9 p.m. EST. After Kevin Durant, Russell Westbrook and the Thunder dismantled Miami in the second half of Game 1, Oklahoma City hopes to win one more game on their home court before heading to Miami, while the Heat hope to build some momentum before they bring the Finals to South Beach.
A campaign to root out corruption in China's soccer leagues and administrative institutions appears to be effective -- but for how long?
The Thunder will beat the Heat when the two teams face off in Game 2 of the 2012 NBA Finals tonight. Here's why.
Egypt's High Constitutional Court ruled that the election of one-third of Egypt's parliament was unconstitutional, which could effectively disband the legislative body while its still in its infancy
An alleged member of the LulzSec hacking group who prosecutors say targeted the Fox and PBS television networks and Sony's film and TV studio has been indicted.
A Tunisian court Wednesday sentenced ousted Tunisian dictator Zine al-Abidine Ben Ali to life in prison for his role in the killing of protesters during last year's revolution.
The Samsung Galaxy S3 will be launching in the U.S on schedule, after Apple lost a bid to impose a court ban on the phone.
A plot to overthrow the government of the Ivory Coast by ex-military officers loyal to the former president has been foiled, Ivorian authorities said.
The Georgia Department of Transportation denied an application by the Ku Klux Klan to participate in the state's Adopt A Highway program, but the roadside volunteer cleanup program may have to come to an end to permanently block the hate group.
JetBlue is being sued by 10 passengers, claiming the airline was grossly negligent in allowing pilot Clayton Osbon, who had to be restrained after he burst through the cockpit screaming about religion and terrorism on a March 27 flight from New York to Las Vegas, to man the plane that day.
In anticipation of an imminent Supreme Court decision on Arizona's tough new immigration law, Gov. Jan Brewer is re-issuing a video training officers on how to spot undocumented immigrants.
Dozens of prison inmates at Virginia?s Red Onion super-max prison resorted to hunger striking in order to call attention to inhumane confinement conditions.
At the outbreak of World War II, the Irish Defense Forces numbered some 42,000 people ? but over the course of the war, more than 7,000 deserted.
A dispute over the will of deceased painter Thomas Kinkade entered the court system on Tuesday, June 12. Kinkade's widow and girlfriend are feuding over the estate belonging to the famous painter who is known for the mass marketing of his realistic work as printed reproductions.
The Delhi High Court Wednesday issued notices to the Indian government and Air India management on the striking pilots' plea for their salaries for March.
Indiana law enforcement officials worry that he Right to defend against unlawful entry bill could lead to open season on police officers.
Not every Haitian immigrant to the United States completes the dangerous journey to get there, but those who do can have a surprising effect on the quality of life upon the island of their birth.
Shellie Zimmerman was arrested for one count of perjury.
Shellie Zimmerman, the wife of George Zimmerman, was arrested Tuesday on one count of perjury, after she allegedly lied to police in an effort to hide more than $200,000 in donations collected for her husband's legal defense fund. She will be arraigned on July 31.