Companies affiliated with embattled congressman George Santos have drawn scrutiny from lawmakers, regulators, and experts as the newly elected Republican faces increasing political pressure to step down for lying about…
View More Companies linked to him draw scrutiny. What we know.Category: Ponzi Scheme
The state pension is either a welfare benefit or a £100bn Ponzi scheme
Yet many bristle to hear the state pension described as a benefit. To many, they have paid in and earned it. But the state pension…
View More The state pension is either a welfare benefit or a £100bn Ponzi scheme
Central Bank chief says unbacked cryptocurrency ‘is essentially a Ponzi scheme’
The Central Bank governor has urged TDs to ban the advertising of crypto assets targeted at young adults, likening crypto not linked to any underlying…
View More Central Bank chief says unbacked cryptocurrency ‘is essentially a Ponzi scheme’
Population shouldn’t be a Ponzi scheme
China’s shrinking population, we are told, poses an economic threat to that country, as well as an economic drag for us. Here are the numbers:…
View More Population shouldn’t be a Ponzi scheme
Questions persist on source of George Santos campaign funds
NEW YORK (AP) — Of all the questions swirling around U.S. Rep. George Santos, one of the most serious has been how he amassed the…
View More Questions persist on source of George Santos campaign funds
George Santos’ Harbor City Sales Pitch Revealed by Clients
In 1903, a ship full of dreamers docked in Boston. Among their number was a refugee from Lugo in northern Italy. He was cleaned out…
View More George Santos’ Harbor City Sales Pitch Revealed by Clients
Tenn. Woman Gets Almost 6 Years For $2.8M Ponzi Scheme
By Katryna Perera (January 25, 2023, 6:57 PM EST) — A Tennessee federal judge ordered a Nashville woman to pay $1 million in restitution and…
View More Tenn. Woman Gets Almost 6 Years For $2.8M Ponzi Scheme
The Pa. Attorney General is probing ABC Capital, a former Philly real estate firm accused of scams
A real estate firm accused of bilking investors in numerous home renovation projects in Philadelphia has been the subject of a yearlong, noncriminal investigation by…
View More The Pa. Attorney General is probing ABC Capital, a former Philly real estate firm accused of scams
Ga. Judge Orders $18M Payout To Ponzi Scheme Investors
By Peter McGuire (January 25, 2023, 4:12 PM EST) — A Georgia federal judge approved an $18 million payout to more than 400 investors in…
View More Ga. Judge Orders $18M Payout To Ponzi Scheme Investors
Nashville, TN woman sentenced to 70 months for Ponzi scheme
NASHVILLE, Tenn. (WKRN) – A Nashville woman will spend nearly six years in federal prison after being accused of bilking investors by claiming that her sports…
View More Nashville, TN woman sentenced to 70 months for Ponzi scheme