Category: Ponzi Scheme

A U.S. man faces 10 years behind bars after pleading guilty to defrauding over 170 investors in a digital currency Ponzi scheme. Jeremy Spence posed…

View More Coin Signals man pleads guilty to $5M BTC Ponzi scheme, faces 10 years in prison

Every few months or so seem to bring new revelations of a Ponzi scheme gone bust.[1]  In the aftermath, erstwhile investors often struggle to be…

View More Ponzi Schemes and the Theft Loss Deduction | Freeman Law

Simon Clark is frustrated. The Wall Street Journal reporter is five months removed from the publication of his well-received book on Abraaj Group, a private…

View More Private equity’s biggest Ponzi scheme

Related Practices & Jurisdictions Wednesday, November 24, 2021 On November 23, the U.S. Securities and Exchange Commission (SEC) issued a $400,000 whistleblower award to an individual who…

View More SEC Awards $400,000 to Whistleblower Culpable in Ponzi Scheme

TAMPA, Fla. (WFLA) — A Pinellas County business owner arrested in 2019 for a Ponzi scheme has been sentenced to serve 17 years in prison…

View More Pinellas County man sentenced in million dollar Ponzi scheme must pay restitution

Gil J. Peter of Parkland, Florida. By Sharon Aron Baron Victims from around the U.S. allege that a self-proclaimed venture capitalist from Parkland has cost…

View More Parkland Man Operates a Multi-Million Dollar Ponzi Scheme Alleges Attorneys, Victims

The lavish lifestyle was part of the con. Jeff Carpoff and his wife, Paulette, wanted to give investors the illusion their solar energy company in…

View More Bay Area man orchestrated $1 billion Ponzi scheme, the region’s ‘largest criminal fraud,’ feds say

SACRAMENTO — The owner of a San Francisco Bay Area solar energy company was sentenced to 30 years in federal prison Tuesday for an audacious…

View More Benicia man gets 30 years in prison for $1 billion Ponzi scheme

An owner of a California solar company was sentenced this week to 30 years in prison for orchestrating a $1 billion Ponzi scheme and using…

View More California Businessman Is Sentenced to 30 Years in $1 Billion Ponzi Scheme

A South Dakota man will spend seven-and-a-half years in federal prison and owe more than $24 million in restitution after orchestrating a “cattle Ponzi scheme.”…

View More SD man sentenced to prison, must repay $24 million for ‘cattle Ponzi scheme’