Category: Ponzi Scheme

WASHINGTON – The U.S. Justice Department on Wednesday announced the distribution of US$372 million to victims of Bernie Madoff’s ponzi scheme, putting total recoveries…

View More US$372M to be distributed to Madoff ponzi scheme victims

The Department of Justice announced today that the Madoff Victim Fund (MVF) began its eighth distribution of approximately $372 million in funds forfeited to the…

View More Justice Department Announces Total Distribution of Over $4 Billion to Victims of Madoff Ponzi Scheme | OPA

But, this leaves me with a question about the future of Jewish identity. Once upon a time, our parents and grandparents could, and would, complete…

View More The Jewish word that no one uses anymore

Ponzi schemes pop up every few years in Nigeria before disappearing again with billions of naira in people’s funds. We spoke to seven Nigerians about…

View More How Do People Fall for Ponzi Schemes? Ask These 7 Nigerians

Fall is here, stagflation is in the air, and Bloomberg terminals are aflutter with news of a great “reckoning” for private equity, triggered by Federal…

View More Griftrix – The American Prospect

The four arrested had allegedly associated with the ponzi scheme (Representational) (Eds: Recasting overnight story) Kolkata: The Central Bureau of Investigation (CBI) has arrested a…

View More 4 Arrested From Kolkata By CBI In Rs 565-Crore Chit Fund Case

PROVIDENCE, R.I. (WPRI) — A West Warwick man pleaded guilty Wednesday to defrauding investors out of millions of dollars, according to U.S. Attorney Zachary Cunha.…

View More West Warwick man pleads guilty to decade-long Ponzi scheme

Alex Mashinsky, the chief executive officer of cryptocurrency lender Celsius Network LLC which has filed for bankruptcy, has resigned from his position, according to a…

View More Alex Mashinsky steps down as Celsius CEO

The CBI on Tuesday said it has arrested a former deputy registrar of companies in Kolkata and three others in a chit fund case. Among…

View More CBI Arrests 4 People From Kolkata In Rs 565 Crore Chit Fund Case

MIAMI — South Florida federal prosecutors have charged Judith Dianne Paris-Pinder, 49, with defrauding people out of millions by lying about the nature of proposed…

View More Miami Resident Charged with Running $4.6 Million Ponzi Scheme, Spending Investor Money on Wedding and Vacations | USAO-SDFL