News

Former CEO sentenced to over 7 years in prison for $66 million Ponzi scheme

The former CEO of a Miami payday loan company will spend years behind bars for orchestrating a massive fraud scheme.

He earned a small town’s trust. He owed $95 million in what authorities say was a Ponzi scheme

Total losses by Marshall’s investors fall short of the multibillion-dollar Ponzi scheme masterminded by Bernie Madoff. But ...

Fact Check: Trump's pick to lead Bureau of Labor Statistics called Social Security a 'Ponzi scheme'

Trump nominated E.J. Antoni two weeks after firing Erika McEntarfer, accusing her of rigging job report numbers to make him ...

EminiFX founder to pay $228M in Ponzi scheme ruling

A US judge has ordered EminiFX founder Eddy Alexandre to repay $228 million after the platform was ruled a Ponzi scheme that ...
The Daily Hodl22h

Alleged Fraudster Dupes Institutional Investors, Veterans and Hundreds More in $275,000,000 Ponzi-Like Scheme: SEC

The Department of Justice (DOJ) charged Wear with one count of securities fraud and one count of wire fraud, each of which ...
Compliance Week2d

SEC charges duo in $275 million water vending machine Ponzi scheme

The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised ...

Missouri men admit to $3M Ponzi scheme, targeting 90 victims

Two Missouri men have pleaded guilty to operating a long-running Ponzi scheme that defrauded more than 90 victims out of at ...

Man accused of Ponzi scheme

For decades, Miles "Burt" Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local.