Category: Ponzi Scheme

A senior executive who’s accused of lying about the size and vintage of his firm’s fine wine collection and who duped investors out of at…

View More Fine Wine Ponzi Fraudster Facing US Extradition Over UK Scheme

The U.S. Department of Justice on Wednesday announced that the agency had filed charges against nine individuals for operating two crypto Ponzi schemes, IcomTech and…

View More Justice Department Charges Nine in Crypto Ponzi Schemes

“The O.C.” and “Southland” actor and author Ben McKenzie Schenkkan testified Wednesday on the collapse of cryptocurrency firm FTX. Outspoken cryptocurrency critic and actor Ben…

View More In FTX hearing, ‘The OC’ actor Schenkkan rips cryptocurrency as ‘largest Ponzi scheme in history’

Tech Actor Ben McKenzie, an outspoken critic of the cryptocurrency industry, testified to the U.S. Senate Banking Committee on Wednesday, comparing crypto to the fraud…

View More Actor Ben McKenzie calls cryptocurrency ‘largest Ponzi scheme in history’

Athan Papoulias of Brighton Le Sands, NSW, has pleaded guilty in the Downing Centre Local Court to one charge of carrying on a financial services…

View More Contractor Admits Guilt in Courtenay House Case

South Korean authorities say Terraform Labs co-founder Do Kwon is hiding in Serbia after taking refuge in Singapore. According to a report from Chosun Media, law enforcement…

View More Terraform Labs co-founder Do Kwon reportedly hiding out in Serbia, authorities say

By Hannah Albarazi (December 13, 2022, 10:29 PM EST) — The arrest of FTX founder Sam Bankman-Fried the day before he was slated to testify…

View More SBF’s Arrest Shows Feds Focused On Case, Not Congress

Embroiled in bankruptcy proceedings as its former leaders face criminal charges, National Realty Investment Advisors has at least one fewer investigation to worry about this week.…

View More CRE Firm Operated As $650M Ponzi Scheme Signs Consent Order To End Fraud Investigation

Multiple U.S. government agencies held a press conference Tuesday afternoon regarding the indictment of FTX’s former CEO, Sam Bankman-Fried. When asked whether the entities will…

View More US attorney says ‘we are not done’ charging individuals for FTX collapse

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from…

View More Top 5 SEC Enforcement Developments for November 2022 | Morrison & Foerster LLP