Category: Ponzi Scheme

By Emilie Ruscoe (November 9, 2022, 6:03 PM EST) — A two-attorney legal team will receive $4.1 million in fees after brokering a $14 million…

View More Attys Net $4M Fees From Calif. Bank Deal Over Ponzi Scheme

BMO said in a statement it was disappointed with the verdict and plans to appeal the decision to the U.S. Court of Appeals for the…

View More BMO takes $1.1 billion provision on U.S. Ponzi scheme ruling

Nouriel Roubini flagged FTX’s rescue deal for Binance as a sign crypto investing is a Ponzi scheme. The “Dr Doom” economist noted FTX had itself…

View More Nouriel Roubini Suggests FTX-Binance Deal Shows Crypto Is a Ponzi Scheme

Dive Brief: A jury in a Minnesota bankruptcy court Tuesday ordered BMO Harris Bank to pay $564 million in damages in connection with a Ponzi…

View More BMO Harris ordered to pay $564M in Ponzi scheme case

Investigators believe Kamon has extensive knowledge of Girardi Keese’s finances and of how Girardi worked behind the scenes. He started work at the firm in…

View More Ex-CFO Of Erika Jayne’s Husband Tom Girardi’s Defunct Law Firm Arrested Over Alleged Wire Fraud

A 51-year-old man, Daniel Ogbonna, was on Wednesday brought before a Lagos Magistrates’ Court over alleged N1. 4 million ponzi fraud. Ogbonna was charged by…

View More Man appears in court over alleged N1.4m ponzi fraud in Lagos

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…

View More Man docked for alleged N1.4m ponzi scam

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…

View More Girardi Bankruptcies Lay Bare Life of Excess at Others’ Expense

LYON, France – Two suspects wanted in connection with an international Ponzi scheme which defrauded thousands of victims in the Republic of Korea have been…

View More Ponzi scheme suspects wanted via INTERPOL arrested in Greece and Italy

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,…

View More 4 Reasons Why Ripple Will Be Unaffected by SEC Win Over LBRY