Category: Ponzi Scheme

HSBC Holdings Plc won a battle at the UK’s top court in a case over allegations it turned a “blind eye” to suspicious payments made…

View More HSBC Wins Top Court Fight Over Convicted Billionaire’s Ponzi

A court here has dismissed the anticipatory bail plea of a man accused of enticing a person to invest in a company involved in Ponzi…

View More Court rejects bail plea of man who enticed victim to invest in fraud Ponzi scheme

Journalist Kenneth Awotwe Darko traveled to Malaysia to better understand direct selling company QNET’s business model. Darko works for a news team in Ghana and…

View More QNET Is Not a Scam, Says Journalist Who Investigated QNET

By Richard Crump (December 21, 2022, 10:17 AM GMT) — Britain’s highest court on Wednesday dismissed Stanford International Bank’s £118 million ($143 million) lawsuit accusing…

View More Stanford Bank Can’t Revive £118M Ponzi Scheme Claim

By Daniel Tay · December 20, 2022, 9:15 PM EST A bank is not covered for $32 million it paid to settle a bankruptcy lawsuit…

View More No Coverage For Bank’s $32M Ponzi Scheme Settlement

A Georgia man who defrauded victims out of more than $115 million in an “elaborate” Ponzi scheme was sentenced to more than 20 years in…

View More Fraudster sentenced to 20 years for Ponzi scheme, N95 mask scam

A new Deloitte report discusses the importance of ethics, the types of misuse of new technologies, and approaches companies can take to operationalize standards. Image:…

View More Ethical principles governing emerging tech lacking in most organizations

Comment on this story Comment Regarding the Dec. 15 front-page article “Investors say stars who hyped FTX should pay up”: Why shouldn’t celebrity endorsers pay…

View More Opinion | Celebrity endorsers should be liable for financial schemes

The Enforcement Directorate (ED) on Tuesday said that it has attached movable and immovable properties worth Rs 81.7 crore in the form of bank balances,…

View More ED attaches assets worth Rs 81.7 cr in ponzi scheme case

Christopher A. Parris, 42, formerly of Rochester, New York, and currently of Lawrenceville, Georgia, who was convicted of conspiracy to commit mail fraud related to…

View More Georgia Man Sentenced to 244 Months in Prison for His Role in Ponzi and COVID-19 Fraud Schemes | OPA