Category: Ponzi Scheme

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

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

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

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

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, 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

The governor of the Central Bank has described crypto trading as a “ponzi scheme. A Ponzi scheme is a form of fraud that lures investors…

View More Cryptocurrency Trading Is A “Ponzi Scheme” Claims Central Bank Governor

Comment on this story Comment Good morning, Early Birds. Send Washington dog park gossip and other tips to earlytips@washpost.com. Thanks for waking up with us.…

View More Budget school is in session — House GOP seeks to educate members about debt ceiling

The US Securities and Exchange Commission (SEC or Commission) had an active fourth quarter, rounding out a record-breaking calendar year that saw several significant enforcement…

View More SEC Spotlight: Enforcement And Regulatory Developments In The Fourth Quarter Of 2022 – Securities

Comment on this story Comment George Santos graciously welcomed his three guests to Il Bacco Ristorante in Queens. Restaurant staff took their coats at the…

View More How George Santos pitched an alleged Ponzi scheme to investors