Category: Ponzi Scheme

March 1, 2022, 11:38 PM Businessman Guo can’t be trusted, shifts assets, creditor says Guo’s lawyer says bankruptcy is best hope for creditors The insolvency…

View More Chinese Exile’s Legal Foe Calls Bankruptcy Filing ‘Astonishing’

SEC officials do not know the whereabouts of Satish Kumbhani, the founder of crypto trading platform BitConnect, who was last week with defrauding investors of…

View More BitConnect founder indicted by Justice Department has disappeared

Brooklyn prosecutors have indicted a pair of Britons accused of scamming investors into proffering pricey loans supposedly collateralized by valuable, and bogus, wine collections. Stephen…

View More Brits busted in $100 million Brooklyn wine Ponzi scheme • Brooklyn Paper

But in reality neither the loan recipients nor their wine collections existed, prosecutors claimed. Instead, between 2017 and 2019, Bordeaux Cellars merely paid fake interest…

View More Two execs indicted in NYC for $99M high-end wine Ponzi scheme

NEWARK, N.J. – A property developer and manager from Indiana today admitted his role in a scheme to defraud real estate investors, U.S. Attorney Philip…

View More Indiana Real Estate Developer and Property Manager Admits Ponzi Scheme to Defraud Investors of Millions of Dollars | USAO-NJ

More than a dozen funds managing at least $3 billion have been frozen as the fallout from Russia’s invasion of Ukraine reverberates through financial markets.…

View More Amundi, Pictet Join Firms Freezing Billions in Funds Worldwide

San Francisco-based Branch International plans to become a pan-African digital bank as it sees a growth opportunity in online financial services on the continent. The…

View More Andreessen-Backed Upstart Aims to Build Pan-African Digital Bank

United States: Eleventh Circuit Overturns Dismissal Of Cryptocurrency Ponzi Scheme Class Action Suit 01 March 2022 Shearman & Sterling…

View More Eleventh Circuit Overturns Dismissal Of Cryptocurrency Ponzi Scheme Class Action Suit – Technology

March 1, 2022, 4:07 PM FCA to be responsible for fixed income and derivatives regimes Regulation around the listing of companies also simplified The U.K.…

View More U.K. Outlines Post-Brexit Changes to Capital Market Regulations

MIDLAND – Last week a federal grand jury in Midland returned an indictment charging a Keller, Texas man with operating a Ponzi scheme. According to…

View More Man Indicted for Frac Sand Ponzi Scheme | USAO-WDTX