Category: Ponzi Scheme

Investors who claim Umpqua Bank aided and abetted a $300 million Ponzi scheme perpetrated by one of its northern California borrowers have won a key…

View More Investors get OK for class action against Umpqua Bank over customer’s Ponzi scheme

ROCHESTER, N.Y. (WROC) — A Rochester man was sentenced to 244 months in prison for his involvement in of a fraud scheme involving COVID-19 Personal…

View More Rochester man sentenced to 20 years in prison for COVID-19 fraud, Ponzi scheme

A couple from Randolph, Massachusetts, is facing charges alleging that they set up a Ponzi scheme targeting members of the Haitian community in Massachusetts, bilking…

View More Mass. Couple Charged in Ponzi Scheme Targeting Haitian Community – NBC Boston

OAKLAND, Calif.–(BUSINESS WIRE)–A federal class action lawsuit charging Umpqua Bank with aiding and abetting a massive, decades-long Ponzi Scheme may proceed to jury trial on…

View More $300 Million Class Action Lawsuit Against Umpqua Bank on Behalf of Ponzi Scheme Investors Will Proceed to Jury Trial

The FTX United States extradition situation has hit an unexpected snag. Sam Bankman-Fried (SBF), the one-time multibillionaire and disgraced FTX founder, appeared Monday morning (Dec.…

View More FTX United States Extradition Remains Unresolved

Topline Sam Bankman-Fried, the former billionaire crypto wunderkind now jailed in the Bahamas and facing a litany of criminal charges for alleged fraud, did not…

View More Sam Bankman-Fried Ordered Back To Bahamian Jail In Surprise Twist

Commentary Since 2000, Chinese issuers have widely used variable interest entity (VIE) structures to raise funds from American capital markets. The structure is often employed in…

View More Variable Interest Entities: China Ponzi Scheme

The 2007-2008 financial crash caused the worldwide loss of untold trillions of assets, massive unemployment, millions of homeowners foreclosed upon and their credit demolished, the…

View More The DOJ Is Prosecuting Samuel Bankman-Fried, But Where Are All The Other Crypto Prosecutions?

Topline Sam Bankman-Fried, the former billionaire crypto wunderkind now jailed in the Bahamas and facing a litany of criminal charges for alleged fraud, is readying…

View More Sam Bankman-Fried Reportedly Expects Extradition To U.S. As Soon As Monday

A conman who ran a Ponzi scheme where he tricked rich investors into pumping around £25million into his company so that he could live a…

View More Conman who ran a Ponzi scheme tricking rich investors jailed for nine years