Category Archives : Ponzi Schemes


The Mathematics Behind an Alleged Ponzi Scheme: Woodbridge Group

The SEC filed a complaint on 12/20/2017 against Robert Shapiro the former CEO of the Woodbridge Group, alleging he operated a $1.2 billion dollar Ponzi scheme. Per the complaint: Beginning in July 2012 through December 4, 2017, Defendant Robert H. Shapiro (“Shapiro”) used his web of more than 275 Limited Liability Companies to conduct a more »


Putting Madoff’s Theft into Context

One of the most useful things an economist can do in litigation consulting is to put abstract numbers into context.  Bernie Madoff’s theft of $65 billion dollars is almost mind-boggling.  To illustrate the significance of his crime, I compared his theft with other financial crimes most people are familiar with- burglary, theft, pick pocketing and purse snatching.  The more »