A federal judge has ordered former investments adviser Hector A. May and his firm to pay $31.6 million to one set of victims of his…
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Category: Ponzi Scheme
FTC refunding $149 million to distributors victimized in AdvoCare scheme
Advocare entered into a $150 million settlement with FTC in 2019. The payouts announced last week are the proceeds of that settlement minus the administrative…
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Will We Ever Shake The Polaroid Picture?
Today, most of us carry supercomputers in our pockets that happen to also take instantly-viewable pictures.This is something that even the dumbest phones do, meaning…
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Farmsponsor continues to default in repayment promises, as investors get impatient
“As it is, we are still expecting disbursement of the funds. Last week, I (CEO) was engaged in series of meetings regarding the disbursement of…
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Liquidators prepare to sell Melissa Caddick’s Dover Heights mansion
Liquidators say it will take up to six weeks to value and find an appropriate real estate agent to sell Melissa Caddick’s multimillion-dollar home as…
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How Portugal became Europe’s accidental ‘bitcoin heaven’ – EURACTIV.com
As governments slowly shackle the crypto industry with regulations and obligations, Portugal is increasingly isolated in Europe — a place with few rules that investors…
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Commentary: Why I’m still not taking crypto seriously
Yield-farming – a rather complex practice that essentially offers investors a chance to turn their crypto into more crypto, by borrowing money from the customers,…
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SEC issues Nvidia $5.5m fine over inadequate cryptomining disclosures
Chipmaker Nvidia, without admitting or denying, has agreed to pay a $5.5 million fine issued by the US Securities and Exchange Commission (SEC) over allegations…
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Woman Faked Death in Cross-Country Luxury Vehicle Fraud Scheme Worth $550,000
No, this isn’t a Dateline episode about vehicle fraud…yet. This luxury vehicle con started in Virginia but moved around as the couple managed to swindle…
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Letter: Make colleges pay – The Columbian
It is estimated that 45 million former college students owe the government $1.7 trillion in unsecured education loans. This total easily exceeds all the car…
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