Category: Ponzi Scheme

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

(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

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…

View More BMO Harris Bank Hit With $563M Verdict In Ponzi Scheme Trial

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 scheme

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

Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu Daher It takes a lot to keep a grassroots…

View More Bitcoin mining in Lebanon earns this 22-year-old $20,000 a month

Tony Iervasi has pleaded guilty to five criminal charges regarding the operation of a Ponzi scheme when he was director of Courtenay House Pty Ltd…

View More Former director pleads guilty to managing $117m Ponzi scheme

Scroll To See More Images As a member of one of the most successful boy bands in the world, it’s understandable why fans want to…

View More Nick Carter Net Worth 2022: Backstreet Boys Salary, Worth vs. Aaron Carter

John Dalli, former Maltese finance minister and former EU Commissioner for Health and Food Safety, has deep ties to a suspected Ponzi scheme that involves…

View More Former EU commissioner involved in suspected crypto Ponzi scheme