Ponzi-like Scheme

Wanted diamond merchant Nirav Modi is responsible for overseeing a "ponzi-like scheme" that caused enormous fraud to Punjab National Bank (PNB), the UK court hearing final submissions in the extradition case was told on Friday.

Groomed at some of the country's most elite private schools, Andrew Caspersen glided onto Wall Street with ease. His father was a well-known financier and Caspersen followed in his footsteps. He snagged jobs in the close-knit private equity world, earning a salary of more than $3.68 million in 2015.

Martin Shkreli, the boyish pharmaceutical entrepreneur who was arrested on Thursday for what U.S. prosecutors said was a Ponzi-like scheme, started a live stream on YouTube on Friday after returning home.

Wanted diamond merchant Nirav Modi is responsible for overseeing a "ponzi-like scheme" that caused enormous fraud to Punjab National Bank (PNB), the UK court hearing final submissions in the extradition case was told on Friday.

Groomed at some of the country's most elite private schools, Andrew Caspersen glided onto Wall Street with ease. His father was a well-known financier and Caspersen followed in his footsteps. He snagged jobs in the close-knit private equity world, earning a salary of more than $3.68 million in 2015.

Martin Shkreli, the boyish pharmaceutical entrepreneur who was arrested on Thursday for what U.S. prosecutors said was a Ponzi-like scheme, started a live stream on YouTube on Friday after returning home.