By Katryna Perera (January 20, 2023, 7:22 PM EST) — Investors hit a California-based brokerage and accounting firm and its two managers with a $10…
View More Brokers, Audit Firm Sued Over Ties To $690M Ponzi Scheme
Category: Ponzi Scheme
FTX scandal rocks Florida school district; victims may include high school teens
As prosecutors and FTX’s bankruptcy trustee comb through the wreckage of Sam Bankman-Fried’s ill-fated crypto empire, many questions remain unanswered. Among the biggest: How did the man known…
View More FTX scandal rocks Florida school district; victims may include high school teens
Chesterfield house flipper gets 9 years for $1.2 million ‘Ponzi scheme’
CHESTERFIELD, Va. (WRIC) — A Chesterfield builder has been sentenced to 9 years in prison after he stole $1.2 million from lenders with the help…
View More Chesterfield house flipper gets 9 years for $1.2 million ‘Ponzi scheme’
Investors out $10M after unlawful sales by Tucson adviser
Investors are out more than $10 million and a Tucson investment advisor has been ordered to pay nearly $450,000 in restitution and penalties for selling…
View More Investors out $10M after unlawful sales by Tucson adviser
$370 Million Ponzi Scheme Leads to Expanded State Fraud Claim
Duped investors seeking to recoup their money from a $370 million ponzi scheme were given a new tool by the Pennsylvania Supreme Court—the ability to…
View More $370 Million Ponzi Scheme Leads to Expanded State Fraud Claim
Decade-long windup of Ross ponzi leaves mixed feelings
David Ross was released from prison, after serving almost seven years of a ten year sentence for fraud, before investors received clarity on recoveries from…
View More Decade-long windup of Ross ponzi leaves mixed feelings
Gujarati film producer who gave movies like Rado, Nadidosh, Locha Lapsi arrested
Surat: Pradip alias Munna Shukla who has produced some of the recent Gujarati movies like Rado, Nadidosh, and Locha Lapsi has been arrested. A primary…
View More Gujarati film producer who gave movies like Rado, Nadidosh, Locha Lapsi arrested
FILM PRODUCER MUNNA SHUKLA ACCUSED IN PONZI SCAM ABSCONDING
Gujarati film producer Pradip alias Munna Shukla, who has produced films like Raado, Naadi Dosh and Locha Lapsi, has been accused of running an illegal…
View More FILM PRODUCER MUNNA SHUKLA ACCUSED IN PONZI SCAM ABSCONDING
Primaya Ponzi scheme suspect maintains innocence
Four more arrested in connection with alleged fraud centred on dietary supplements Suspect Phitnari “Mae Primaya” Tantiwit has claimed that she was able to turn…
View More Primaya Ponzi scheme suspect maintains innocence
JPMorgan CEO Calls Bitcoin A ‘Hyped-Up Fraud’ & Crypto A Waste Of Time
At a time when a strong start to 2023 has upped crypto investors’ hopes for the industry’s bounce back this year, the CEO of the US’ biggest bank,…
View More JPMorgan CEO Calls Bitcoin A ‘Hyped-Up Fraud’ & Crypto A Waste Of Time