No one knew exactly what Mr Madoff was doing but there were suspicions in parts of Wall Street that he was either front-running his broking customers or operating a Ponzi scheme.

Here is where this situation resembles a pyramid or a Ponzi scheme. Some of the original bondholders are being paid with the official loans that also finance the remaining primary deficits.

这种局面像金字塔或庞氏骗局的地方在于：官方贷款将偿还部分原始债券持有人的资金，同时要为剩余的原始赤字提供资金。

In legal terms, it may have a defence, since a US court ruled in another case that a hedge fund advisory group was not liable for failing to spot a Ponzi scheme.

从法律角度来说，Fairfield可能有辩护依据，因为一家美国法庭在另一个案子中裁定，一家对冲基金顾问集团无需对未能发现庞氏骗局承担赔偿责任。

I gift-wrapped and delivered the largest Ponzi scheme in history to them, he said. Most officials did not understand... the 29 red flags that I handed them.

他表示，我给史上最大庞氏骗局加以精心包装并送到他们眼前，但多数官员不明白我交给他们的文件里那29个红色标记是什么意思。

Today, Bernard Madoff, architect of the world's biggest financial fraud, a$ 65bn Ponzi scheme that ruined thousands of investors, will learn his fate.

今天，全世界最大金融欺诈案的主谋伯纳德马多夫（Bernard Madoff）将得知自己的命运。马多夫设计的650亿美元庞氏骗局令成千上万投资者损失惨重。

KPMG will not be sued in a case involving the accountancy firm's auditing of a'feeder fund'into confessed swindler Bernard Madoff's ponzi scheme.

在已认罪的马多夫庞氏骗局案子中，KP不会因涉及审计其支线基金而受到起诉。

When a wave of redemptions hit the Madoff funds, the Ponzi scheme, as Mr Madoff himself reportedly called it, became unworkable.

当马多夫基金遭遇赎回浪潮时，这场庞氏骗局据称马多夫自己就是这么叫的就难以继续了。

Sceptics retort that the Chinese eventually will realise they are acting as enablers in an untenable fiscal Ponzi scheme and cut their losses.

怀疑者反驳称，中国迟早会意识到，他们其实是在一个难以为继的财政庞氏骗局中扮演促成者的角色，最终中方将采取止损行动。

" It's a Ponzi scheme whose head is the central bank, and it can print money," says Victor Shih, a China expert at Northwestern University.

“这是央行牵头的旁氏骗局，钞票由此而生。”西北大学的中国研究专家维克托希亚说道。

Does this make Social Security a Ponzi scheme, to quote Rick Perry, the governor of Texas and a leading Republican presidential candidate?

社保计划难道成了庞氏骗局呢？这是不是应了德州州长、热门共和党总统候选人里克佩里说过的话？

And worries remain that another Ponzi scheme could be brewing, along the lines of Bernie Madoff or Robert Allen Stanford.

市场担心再有了麦道夫和斯坦福德之后，还会再出现另一个庞氏骗局。

If you had the good fortune never to have invested in what may end up being the biggest Ponzi scheme in history, count your blessings.

如果你运气够好，从没在这场可能是史上最大的“庞氏骗局”中有过投资，那么恭喜你。

For all its malevolence, the Soviet empire was like a Ponzi scheme, dependent on ever-increasing amounts of money.

出于恶意，苏联帝国被描述为庞氏骗局，依赖于不断增长的金钱来运行。

In2006, one potential investor actually branded it a Ponzi scheme and took his suspicions to the Securities and Exchange Commission.

2006年，有一位潜在投资人怀疑马多夫的基金实乃庞氏骗局，并就此报告了证券交易委员会。

Mr Stanford was convicted in March on charges that he ran the Ponzi scheme for more than two decades.

斯坦福于3月被判有罪，罪名是经营庞氏骗局达20多年。

That was three days before Bernie Madoff was arrested for operating the biggest Ponzi scheme in history.

三天后，男友的父亲伯尼•麦道夫因为布了下美国历史上最大的庞氏骗局而遭到逮捕。

As with Bernard Madoff's Ponzi scheme, everything went well provided they continued to put money into the market.

就像伯纳德马多夫（Bernard Madoff）的庞氏骗局一样，只要他们继续把钱投入市场，一切就都进展顺利。

It was a pattern that would repeat itself when the Ponzi scheme got going in earnest several decades later.

这正是几十年后庞氏骗局真正开始运转时，被重复使用的一种模式。

Thegovernment bond market is usually a Ponzi scheme.

国债市场通常是个庞氏骗局。

He was the banker whose daughter ran a ponzi scheme with his investors' money.

他是个银行家他女儿骗取了大量投资者的资金

What will happen to Tang and all investors of an alleged Ponzi scheme?

唐炜臻以及一起被指控卷入庞氏骗局中所有投资者的命运将会如何呢？