Category: Ponzi Scheme

The mastermind behind a $300 million Ponzi scheme has been sentenced to 10 years in prison for his role in exploiting military veterans in desperate financial…

View More Ponzi scheme leader sentenced to 10 years after veterans lost millions

The mastermind behind a $300 million Ponzi scheme has been sentenced to 10 years in prison for his role in exploiting military veterans in desperate financial…

View More Mastermind of $300 million Ponzi scheme targeting veterans sentenced to 10 years

Judge Bruce Hendricks of the U.S. District Court for the District of South Carolina sentenced a California man today to 10 years in prison for…

View More California Man Receives 10 Year Sentence Following Guilty Plea in South Carolina to Fraud Conspiracy | OPA

In less than eight months, Charles Ponzi managed to swindle $15 million from investors. Charles Ponzi’s mugshot, c 1920s. By unnamed US government employee. Public…

View More The Man Who Had a Scheme Named After Him | by Ida Larsdotter | Aug, 2022

Earlier this year, a Chinese VFX and animation studio revealed that it had been victimized by two American swindlers who had used the company’s name…

View More Base Alleges Two American Swindlers Continue to Defraud Investors

Like the plot of an improbable fintech thriller, cannabis e-investment conglomerate JuicyFields has imploded into an apparent Ponzi scheme of massive proportions, leaving tens of…

View More JuicyFields Ponzi Scheme Highlights Many Points of Failure

BitConnect founder seems to be in trouble. Indian authorities are currently looking into Satish Kumbhani, the creator of the bitcoin investment website BitConnect, for the…

View More BitConnect Founder Under Investigation By Indian Police Following Indictment In The US

LEXINGTON, N.C. (WGHP) — In August 2012, nearly a million people throughout the world learned an online rewards program they thought would exponentially increase their…

View More ‘Largest Ponzi scheme in history’: 10 years since Lexington-based ZeekRewards

CALGARY — The Crown asked for a sentence of 10 to 12 years Wednesday for a Calgary man who bilked clients out of millions of…

View More ‘Sorry’: Crown calls for harsh sentence for Calgary man in multimillion-dollar fraud

The Crown is asking that a Calgary man who bilked clients out of millions of dollars in a Ponzi scheme be sentenced between 10 and…

View More Crown looking for sentence of up to 12 years for man in multimillion-dollar Ponzi scheme