Very few of history’s most well known collapsed Ponzi schemes began deliberately. This is also true of many famous securities-related frauds. Men are drawn into this by degrees.
What typically happens is that a fund or a deal begins in good faith but there are setbacks. These setbacks threaten the money-raising efforts of the people behind the venture and they say to themselves “Someday I will make this right,…

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  1. Wall Street and Main Street fear that a recession could take shape in the US in coming months. CNN Business’ Christine Romans explains what a recession might look like.

  2. North Korea has announced an “explosive” outbreak of Covid-19, reporting more than 1.7 million cases of what it refers to as “fever” in little more than a week since its first reported case. CNN’s WIll Ripley reports.

  3. Ancient poop found at the site of a prehistoric village near Stonehenge revealed that the settlement’s inhabitants — who likely built the stone circle — feasted on the internal organs of cattle.

  4. During an interview with CNN’s Jake Tapper, Trevor Reed, an American citizen and Marine veteran recently freed after two years in a Russian prison, vowed to campaign against any lawmakers that slow legislation aimed at helping detained Americans.

  5. CNN’s Alisyn Camerota asks Texas state representative James White (R) how the legislature can act so quickly on abortion but not on changing gun laws after 19 children and two adults were killed in an elementary school in Uvalde, Texas.

  6. Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic “hurricane” caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.

  7. A Chinese national employed by Bloomberg News was released on bail earlier this year following more than a year in detention, according to Chinese authorities.

  8. The persistent heat dome which imposed oppressively high temperatures on the northern Plains and Midwest over the weekend will begin to shift further eastward this week, ending a short reprieve many states in the Great Lakes and Mid-Atlantic have had in recent days.

  9. “It’s a story we shouldn’t forget.” Fifty years later, that’s how John Dean, the former White House counsel whose marathon testimony before the US Senate’s Watergate Committee tipped the dominoes toward the ultimate resignation of President Richard M. Nixon, describes what happened to him, the people he worked with and the American people following the June 17, 1972 break-in at the Democratic National Committee headquarters at the Watergate office building in Washington, DC.

  10. Tom Hanks has revealed how he didn’t think the iconic bus bench scenes in smash hit movie “Forrest Gump” would make it into the final cut.

  11. Ernst & Young has been slapped with a record $100 million fine from the US government after regulators discovered that the company knew some of its auditors were cheating on exams for several years and did nothing to stop it.

  12. Injected vaccines against the coronavirus that causes Covid-19 have been hugely successful, saving nearly 20 million lives globally in their first year of use and slashing the pandemic’s death toll by an estimated 63%, according to a recent study. Yet good as these shots are, they have not stopped the virus from spreading from person to person.

  13. These have been hard times for bad guys. Not “bad” bad guys. There are still plenty of those around in real life. I mean the “good” bad guys: movie actors who were so gifted at being hard, tough and occasionally junkyard-dog mean that they’re not always as easy to hate. It may say something about the brutality of Summer 2022 that it has taken away so many gifted actors known for brute-force roles.

  14. • CNN Poll: Majority of GOP voters don’t want Trump to be their nominee in 2024
    • Fearing a wipeout, Democrats try to unify around a simple midterm message: Republicans are ‘extremists’

  15. Boeing has become so embattled, the company’s stock rose even after reporting a worse-than-expected loss and sales that came in $900 million short of forecasts.

  16. According to a CNN poll, 75% of Democrat voters want someone other than President Joe Biden to run in 2024. CNN’s Alisyn Camerota talks to six Biden voters to understand why.

  17. Inflation is soaring. And yet restaurant-goers are having a love affair with a high-budget item: Steak.

  18. Washington Republican Rep. Jaime Herrera Beutler on Tuesday conceded in her bid for reelection, a primary that was largely defined by Republican ire for her vote to impeach former President Donald Trump in 2021.

  19. A federal judge on Friday unsealed the search warrant and property receipt from the FBI search of former President Donald Trump’s Mar-a-Lago resort in Palm Beach, Florida.

  20. CNN’s legal analyst Elie Honig details what’s known so far about the FBI’s warrant authorizing a search of former President Donald Trump’s Mar-a-Lago estate.

  21. If nothing else can be said with certainty about Donald Trump after a week of coverage filled with speculation about the purpose of the FBI search at Mar-a-Lago, it is that he still has the biggest cable TV news channel, Fox News, solidly behind him. He also has the editorial boards of The Wall Street Journal and New York Post, two other major platforms owned by Rupert Murdoch, on his side so far.

  22. The men’s 2022 FIFA World Cup in Qatar will begin a day earlier than originally scheduled allowing the host nation to play the first game when it faces Ecuador, FIFA — the global governing body for the sport of football — officially confirmed on Thursday.

  23. Five state-owned Chinese companies, including the country’s leading energy and chemical company, have chosen to delist from the New York Stock Exchange by the end of August.

  24. Amber Escudero-Kontostathis is the only survivor of a deadly lightning strike outside the White House earlier this month, and despite going through something so life-changing, she said she’s recovering quickly.

  25. The flash drought conditions expanded and intensified in New England over the past week, according to the latest report from the US Drought Monitor. Extreme drought — level 3 out of 4 — now covers parts of eastern Massachusetts, Connecticut and the entire state of Rhode Island.

  26. The world was denied a Taylor Swift cameo in “The Twilight Saga: New Moon.” The person who made that call now wishes he hadn’t.

  27. Kanye West — who changed his name to Ye in 2021 — has come under fire for what’s being described as a visual merchandising strategy at the Gap. Instead of displaying the latest Yeezy x Gap collection on traditional hangers and t-shirt plinths, the clothes appear in giant trash bags dotted around the shop floor.

  28. People are stressed out and exhausted. The past two and a half years, full of public health crises, recession and inflation, have been so eventful that news of a possible alien invasion barely even made a blip. Nights are sleepless and days restless, and we need an extra boost to keep us going. 

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