Category: Ponzi Scheme

LOS ANGELES (WANE) — A Los Angeles man originally from Fort Wayne has been sentenced for operating what prosecutors called the biggest Ponzi scheme in…

A Connecticut businessman has pleaded guilty to operating an unpatriotic Ponzi scheme that pocketed $900,000 from investors looking to buy a pro-veteran vodka company. Brian…

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…

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…

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.”…

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…

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…

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…

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