Ponzi Here, Ponzi There, Ponzi Ponzi Everywhere

Law360, New York (August 17, 2009, 10:02 AM EDT) -- Bernard Madoff’s guilty plea and high profile investigations of several financial services firms have created an environment in which legitimate financing strategies may subject an issuer of securities to inquiries into whether the strategy constitutes a Ponzi scheme.

Collapse of credit and public equity markets, fraud cases and perceived failure of the SEC to respond to red flags in the Madoff case have moved the staff toward seeing Ponzi schemes lurking around every corner. Inadequate sensitivity to certain issues could snare legitimate financings in a widely...
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