March 2, 2022, 12:16 AM DaFa Properties is in the process of appointing financial adviser to assist it with restructuring of its offshore debt in…
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Category: Ponzi Scheme
Chinese Exile’s Legal Foe Calls Bankruptcy Filing ‘Astonishing’
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…
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BitConnect founder indicted by Justice Department has disappeared
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…
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Brits busted in $100 million Brooklyn wine Ponzi scheme • Brooklyn Paper
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…
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Two execs indicted in NYC for $99M high-end wine Ponzi scheme
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…
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Indiana Real Estate Developer and Property Manager Admits Ponzi Scheme to Defraud Investors of Millions of Dollars | USAO-NJ
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…
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Amundi, Pictet Join Firms Freezing Billions in Funds Worldwide
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.…
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Andreessen-Backed Upstart Aims to Build Pan-African Digital Bank
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…
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Eleventh Circuit Overturns Dismissal Of Cryptocurrency Ponzi Scheme Class Action Suit – Technology
United States: Eleventh Circuit Overturns Dismissal Of Cryptocurrency Ponzi Scheme Class Action Suit 01 March 2022 Shearman & Sterling…
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U.K. Outlines Post-Brexit Changes to Capital Market Regulations
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.…
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