Taiwanese Ponzi fraudster dies

Financier Danny Pang, who was accused by US securities regulators of perpetrating a massive Bernard Madoff-style “Ponzi” scheme on mainly Taiwanese investors, has died, a family spokesman said on Saturday. Pang, 42, was taken to a California hospital near his home on Friday and later died, spokesman Charles Sipkins said. The cause of death was related to a heart ailment, he said.