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Ponzi scheme

  • Musk: Social Security Benefits the Biggest Ponzi Scheme Ever

    Elon Musk is targeting Social Security as among the federal benefit programs rife with fraud, suggesting they will be a primary target in his crusade to reduce government spending. The billionaire entrepreneur, who is advising President Donald Trump, suggested $500 billion to $700 billion in waste needed to be cut. “Most of the federal spending…

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  • PwC fined £15m for not ‘blowing the whistle’ on corrupt practices

    PwC fined £15m for not ‘blowing the whistle’ on corrupt practices

    The accounting giant PwC has been fined £15m by the financial conduct regulator in its first-ever financial penalty on an audit firm. One of the so-called big four accounting firms, PwC was said by the Financial Conduct Authority (FCA) to have missed a number of audit red flags and failed to act immediately to report…

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