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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Category: Ponzi Scheme
Hollywood 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,…
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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…
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100 years of Ponzi schemes
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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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…
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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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