Court gavel A 51-year-old man, Daniel Ogbonna, was on Wednesday docked in a Yaba Chief Magistrates’ Court in Lagos for alleged N1. 4 million ponzi…
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Category: Ponzi Scheme
Girardi Bankruptcies Lay Bare Life of Excess at Others’ Expense
Thomas V. Girardi helped win jury awards for people whose lives and bodies were ravaged by plane crashes, explosions, chemicals, and prescription drugs. But while…
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Ponzi scheme suspects wanted via INTERPOL arrested in Greece and Italy
LYON, France – Two suspects wanted in connection with an international Ponzi scheme which defrauded thousands of victims in the Republic of Korea have been…
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4 Reasons Why Ripple Will Be Unaffected by SEC Win Over LBRY
The U.S. Securities and Exchange Commission won another victory over a crypto project this week. The outcome has raised concerns over its battle with Ripple,…
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Canada’s BMO books $834 mln charge over U.S. Ponzi lawsuit
Nov 8 (Reuters) – A jury in the United States on Tuesday found Canada’s Bank of Montreal’s (BMO.TO) U.S. unit liable to pay more than…
View More Canada’s BMO books $834 mln charge over U.S. Ponzi lawsuit
UPDATE 2-Canada’s BMO books $834 mln charge over U.S. Ponzi lawsuit loss
(Adds details on the lawsuit) Nov 9 (Reuters) – Canada’s Bank of Montreal (BMO) booked a charge of C$1.12 billion ($834.2 million) on Tuesday after…
View More UPDATE 2-Canada’s BMO books $834 mln charge over U.S. Ponzi lawsuit loss
BMO Harris Bank Hit With $563M Verdict In Ponzi Scheme Trial
By Hannah Albarazi (November 8, 2022, 10:38 PM EST) — A Minnesota federal jury on Tuesday found BMO Harris Bank complicit in a $3.8 billion…
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Jury awards $563 million verdict in lawsuit related to Tom Petters Ponzi scheme
Victims will receive close to $1 billion when interest is calculated, making it the highest dollar amount awarded by a jury in Minnesota history. ST…
View More Jury awards $563 million verdict in lawsuit related to Tom Petters Ponzi schemeBMO Harris to Appeal Verdict in Petters Litigation
TORONTO and CHICAGO, Nov. 8, 2022 /PRNewswire/ – BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that its subsidiary, BMO Harris Bank N.A. (BMO Harris)…
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Nearly 90% of MTI’s 304 000 ‘members’ were slave accounts
A clearer picture is emerging of Mirror Trading International (MTI), the bitcoin scheme that collapsed in December 2020 when founder and CEO Johann Steynberg fled…
View More Nearly 90% of MTI’s 304 000 ‘members’ were slave accounts