A Texas radio host who called himself the “Money Doctor” and mixed Christian doctrine with financial advice has been sentenced to multiple life prison…
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Category: Ponzi Scheme
’Money Doctor’ William Neil Gallagher sentenced in Ponzi scheme
A white-haired octogenarian who signed off with “See you in church on Sunday” and penned a book called “Jesus Christ, Money Master,” Gallagher paid for…
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Wayne County securities broker gets same penalty for Ponzi scheme
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…
View More Wayne County securities broker gets same penalty for 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…
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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…
View More Former Michigan Pastor Sentenced for Investment 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
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,…
View More Affinity Fraud Ponzi Scheme — FBI