Category: Ponzi Scheme

By Steve Ilo The management of the Industrial and General Insurance Plc. (IGI) wishes to unequivocally rebut allegations in an article titled “Industrial and General…

View More Industrial and General Insurance Plc. not a Ponzi scheme

Everyone is talking about Anna Delvey these days thanks to Shonda Rhimes’ new show on Netflix. A fake “heiress” who scammed people out of thousands…

View More Meet Zachary Horowitz, the Anna Delvey of Hollywood

In the sentencing memorandum, prosecutors said his victims learned “he was not a successful businessman or Hollywood insider. He just played one in real life.”…

View More Hollywood actor Zach Avery sentenced to 20 years for Ponzi scheme

By Allison Morrow, CNN Business The tale of Zachary Horwitz made headlines this week after he was sentenced to 20 years for bilking investors out…

View More Hollywood actor’s Ponzi scheme, explained: Why investors keep falling for scams

Ironically, it is just the kind of juicy swindler story you might binge watch on those platforms: Horwitz, a 35-year-old actor who had bit roles…

View More Ponzi schemes, explained: Why investors keep falling for scams

The Securities and Exchange Commission (SEC) has disclosed that it is engaging the National Orientation Agency as well as regulators of public agencies to curb…

View More SEC engaging other agencies to curb ponzi schemes – Yuguda – Blueprint Newspapers Limited

Zachary Horwitz sentenced to 20 years for $650 million Ponzi scheme  KABC-TV Read more…

View More Zachary Horwitz sentenced to 20 years for $650 million Ponzi scheme – KABC-TV

Umpqua Bank’s corporate offices in downtown Portland. MARK GRAVES/THE OREGONIAN LC-Mark Graves/The Oregonian For the third time in just over a decade, the Portland-based Umpqua…

View More Umpqua Bank sued over California customer’s financial scheme

By Aduragbemi Omiyale The Securities and Exchange Commission (SEC) is working in collaboration with other agencies to clean up the Nigerian capital market of Ponzi…

View More SEC Engages Other Agencies to Curb Ponzi Schemes

Mumbai: A PMLA Special Court in Mumbai has ordered the confiscation of properties worth Rs 300 crore, held in Singapore, in a Ponzi Scheme Fraud…

View More PMLA court orders confiscation of properties worth Rs 300 crore of City Limouzines’s promoter