A Wayne County securities broker convicted of bilking hundreds of investors out of more than $42 million denied any wrongdoing during his sentencing Friday, despite…
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Category: Ponzi Scheme
Orange County Man Arrested for Alleged Ponzi Scheme that Raised Nearly $14 Million with False Promises of Profits from House Flipping | USAO-CDCA
SANTA ANA, California – A Costa Mesa man has been arrested on federal fraud and money laundering charges alleging he helped run a fraudulent…
View More Orange County Man Arrested for Alleged Ponzi Scheme that Raised Nearly $14 Million with False Promises of Profits from House Flipping | USAO-CDCA
Madoff Trustee Can Seek $50 Million Received From Ponzi Scheme
Bernard Madoff is escorted into federal court in New York on Thursday, March 12, 2009. The trustee recovering losses from Madoff’s historic Ponzi scheme can…
View More Madoff Trustee Can Seek $50 Million Received From Ponzi SchemeHollywood grifter: the actor who took Tinseltown for a Ponzi scheme ride | Scams
It’s a tale about a Hollywood grifter that reads like an outlandish movie script. But this real-life story has left Tinseltown asking how an unknown,…
View More Hollywood grifter: the actor who took Tinseltown for a Ponzi scheme ride | Scams
Former Michigan Pastor Sentenced for Investment Ponzi Scheme
The former pastor of a Michigan church was sentenced to more than eight years in prison after pleading guilty to running a Ponzi scheme that…
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Three Miami Businessmen Accused In Real Estate Ponzi Scheme Real Deal
(Photo-illustration by The Real Deal) Like most alleged Ponzi schemes, a Miami-based troika’s plan to tap South American investors to fund their real estate projects…
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Charles Ponzi (1920)
2020 marked 100 years after Charles Ponzi was charged for committing what some have referred to as the “fraud of the century”. Indeed, there…
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Affinity Fraud Ponzi Scheme — FBI
As the losses snowballed, the Pennsylvania Department of Banking and Securities began to investigate and notified the FBI of possible criminal fraud. After the investigation,…
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Allen Stanford’s Ponzi scheme recovery tops $1 billion
Allen Stanford smiles as he waits to enter the Federal Courthouse in Houston March 6, 2012. REUTERS/Richard Carson/File Photo Register now for FREE unlimited access…
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A Ponzi Scheme of Prosperity: The American pattern of development only creates the illusion of wealth
The North American pattern of development is an unprecedented experiment. For thousands of years, humans around the world built their habitat in similar ways, at…
View More A Ponzi Scheme of Prosperity: The American pattern of development only creates the illusion of wealth