The business model that controversial e-commerce platform Evaly followed and deceived people with has been known to the world for hundreds of years. Known as…
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Category: Ponzi Scheme
Justice Department Announces Additional Distribution of More than $568 Million to Victims of Madoff Ponzi Scheme | OPA
The Department of Justice announced today that the Madoff Victim Fund (MVF) began its seventh distribution of approximately $568 million in funds forfeited to the…
View More Justice Department Announces Additional Distribution of More than $568 Million to Victims of Madoff Ponzi Scheme | OPA
Madoff Ponzi Scheme Victims Receiving More Than $500 Million In Repayments, Feds Say
Topline The Justice Department on Thursday started doling out payments to reimburse more than 30,000 victims of Bernie Madoff’s Ponzi scheme, more than 12 years…
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Crypto Kid Fraudster Gets 7 1/2-Years For Ponzi Scheme – Financial Advisor Magazine
Crypto Kid Fraudster Gets 7 1/2-Years For Ponzi Scheme Financial Advisor Magazine Read more…
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Sale of North Bay offices, apartments involved in Ponzi scheme nears finish line
A large portfolio sale of commercial and apartment buildings in Marin and Sonoma counties moved a step closer to reality, as a San Francisco real…
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Reality TV star sentenced for PPP fraud and for operating a multimillion-dollar Ponzi scheme | USAO-NDGA
ATLANTA – Maurice Fayne, who starred in Love & Hip Hop: Atlanta, has been sentenced to more than 17 years in federal prison for conspiracy…
View More Reality TV star sentenced for PPP fraud and for operating a multimillion-dollar Ponzi scheme | USAO-NDGA
Bitcoin Fixes Modern Fiat Ponzi Scheme
Meme Image from Rick and Morty(8/30/2015) Season 2, Episode 6; The Ricks Must Be Crazy After a couple of years of studying Bitcoin and the…
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Barred Broker Admits Orchestrating $100M Ponzi Scheme
On June 2, 2020, the DOJ indicted Smith in the same court. According to documents filed in this case and statements made in court, from February…
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Raleigh Investment Advisor’s 40 Year Sentence for Ponzi Scheme and Obstruction Affirmed on Appeal | USAO-EDNC
RALEIGH, N.C. – Stephen Condon Peters, a former Raleigh investment advisor and owner of Visionquest Wealth Management, lost his appeal today in a per curiam…
View More Raleigh Investment Advisor’s 40 Year Sentence for Ponzi Scheme and Obstruction Affirmed on Appeal | USAO-EDNC
He Gave the Ponzi Scheme Its Name, and Swindled Boston Out of Millions
People lined up hundreds deep outside his office, cash in hand. When he left the premises, crowds gathered around him, cheering. They couldn’t be deterred…
View More He Gave the Ponzi Scheme Its Name, and Swindled Boston Out of Millions