Category: Ponzi Scheme

            WASHINGTON – Christopher A. Parris, 41, formerly of Rochester, New York, and currently of Lawrenceville, Georgia, pleaded guilty today…

View More Georgia Man Pleads Guilty to Charges Related to Ponzi and COVID-19 Fraud Schemes | USAO-DC

Ponzi schemes, named after the infamous swindler Charles Ponzi, have been around for more than a century. Yet, despite their age, these schemes show no…

View More Steering Clear of Ponzi Schemes

The lead investment promoter of what has been dubbed “the largest green scam” in history, and started by two Temple University graduates out of an…

View More Mantria Corp. Promoter of ‘Largest Green Scam,’ Wayde McKelvy, Sentenced to 18 Years – NBC10 Philadelphia

The Securities and Exchange Commission (SEC) has barred a Texas financial advisor after it found that she steered investors into the Woodbridge Group of Companies…

View More SEC bars ‘Top 100’ advisor over Ponzi scheme commissions

PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Wayde McKelvy, 59, of Aurora, Colorado, was sentenced to 18 years in prison, five…

View More Promoter of Bogus Green Energy Firm Based in Montgomery County Sentenced to 18 Years for $54 Million Ponzi Scheme | USAO-EDPA

Minneapolis (KROC AM News) –  The final court order has been issued in a Ponzi scheme orchestrated by a well-known Minnesotan that was one of the largest…

View More Final Page Has Been Written In Huge Minnesota Ponzi Scheme

MINNEAPOLIS – United States District Judge Ann D. Montgomery has issued an order closing the receivership of Thomas J. Petters and discharging the Receiver in…

View More Federal Judge Closes Receivership in Petters Ponzi Scheme Case; More Than $722 Million Distributed to Victim Investors | USAO-MN

This is the story of an innocent-looking boy who managed to turn an app similar to the Facebook game FarmVille into a huge Ponzi scam…

View More How a Smalltown Boy Created a $131 Million FarmVille-Clone Ponzi Scheme

Bernie Madoff, who got rich running a New York-based Ponzi scheme that lost $64.8 billion, ended his days earning only 24 cents an hour for…

View More Bernie Madoff’s Prison Life: From Ponzi Scheme Billions to 24 Cents an Hour

SHREVEPORT, La. — David deBerardinis, the Shreveport businessman accused of defrauding investors and financial institutions in a multimillion dollar Ponzi scheme, has reached a plea…

View More Shreveport businessman to plead guilty in Ponzi scheme | 3 Investigates