Category: Ponzi Scheme

Forsage investors earned profits by recruiting others into the scheme, which used assets from new investors to pay earlier investors. Get access today Sign up…

View More US SEC Charges 11 Over Crypto Pyramid and Ponzi Scheme

For months customers questioned whether Eugene sneaker reseller Michael Malekzadeh scammed them, using their preorder money to support a lifestyle filled with sports cars and…

View More Shoe reseller charged in federal court for scheme to defraud customers

Image Source : PTI An economist likened China’s real estate situation to a Ponzi scheme, a type of fraud that pays existing investors with funds…

View More China real estate crisis: Authorities to rescue property developers after homebuyers boycott mortgages

Hong Kong-based financial services startup AMTD Digital is up over 3,000% in the past week, and was up over 100% yesterday. Why? The stock is…

View More Why Is AMTD Digital’s Stock Up 21,000%?

Democratic challenger Mandela Barnes slammed Sen. Ron Johnson as a “self-serving, multimillionaire” on Tuesday after the sitting Republican from Wisconsin called for making both Social Security…

View More “Self-Serving Multimillionaire”: Ron Johnson pushes to dismantle Social Security and Medicare

A former Ohio investment advisor was sentenced yesterday to 262 months in prison for operating a Ponzi scheme that robbed at least 54 investors…

View More Former Ohio Advisor Gets Nearly 22 Years For $9.3M Ponzi Scheme

Former Westlake investment advisor Raymond A. Erker, 52, of Avon, was sentenced Aug. 7 by U.S. District Judge Dan Polster to nearly 22 years in…

View More Former Westlake investment advisor gets nearly 22 years in prison for Ponzi scheme – News-Herald

Hong Kong-based financial services startup AMTD Digital is up over 3,000% in the past week, and was up over 100% yesterday. Why? The stock is…

View More Why Is AMTD Digital Up 21,000?

A Suffolk man has been handed a suspended prison sentence for his role in a £13m ‘Ponzi’ scheme. Jeffrey Razaq, 60, of Gunton Cliff, Lowestoft received…

View More Suffolk: Lowest man’s sentence for Essex Ponzi scheme

There’s no shortage of hacks, scams, Ponzi schemes, and suspicious transactions in the cryptocurrency markets. Just yesterday, the Nomad bridge got hacked after scamsters broke…

View More Dogecoin Investor Uncovers Suspicious Ponzi Scheme on the Network