You Searched For "ponzi" and got 20 results
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3 mins read
Bernie Madoff died in prison after carrying out the largest Ponzi scheme in history - here's how it worked
12 years ago, Bernie Madoff pleaded guilty to 11 federal crimes and the largest Ponzi scheme in his…
Stephanie Yang,Grace Kay
1 min read
SEC charges a Georgia man with operating a decade-long Ponzi scheme that made more than $110 million
John Woods allegedly preyed upon elderly retirees and told them he could guarantee returns of 7% as…
Emily Graffeo
1 min read
The SEC charged a Florida company that promised investors 60% returns with operating a Ponzi scheme and raising as much as $17 million in fraudulent offerings
According to the SEC, Jonathan P. Maroney ran a Ponzi scheme through his company, Harbor City Capit…
Emily Graffeo
1 min read
The Mansion That Belonged To The Inventor Of The Ponzi Scheme Is On Sale For $3.3 Million
The Italian immigrant, who promised outrageous returns, swindled his investors by paying the earlie…
Julia La Roche
1 min read
Elements of private equity firms resemble Ponzi schemes, Europe's largest asset manager says
"Eventually there will be casualties, but that might not be for three, four, or five years," Amundi…
Brian Evans
1 min read
Brazilian police seized $28 million in bitcoin from an alleged Ponzi scheme in the country's largest crypto seizure ever
Police also arrested five individuals and confiscated 21 luxury cars and other high-value goods rel…
Emily Graffeo
1 min read
Binance CEO files defamation suit against Bloomberg's Hong Kong publisher following 'Ponzi scheme' headline
Zhao also filed a motion of discovery against Bloomberg LP and Bloomberg Inc., claiming the English…
Jennifer Sor
3 mins read
Bernie Madoff, Wall Street financier and Ponzi scheme organizer, has died at age 82
Madoff used his business to attract investors, who were then recommended to bring in new clients an…
Ben Winck,Kelly McLaughlin
2 mins read
Founder of now-defunct BitConnect has been indicted for a $2.4 billion crypto Ponzi scheme.
BitConnect has since ceased trading and its founder, Satish Kumbhani, has been charged with a litan…
Adam Morgan McCarthy
2 mins read
5 Years Ago Bernie Madoff Was Sentenced to 150 Years In Prison - Here's How His Scheme Worked
Another reason Madoff managed to fly under the radar for so long (despite multiple reports to the S…
Stephanie Yang
1 min read
Crypto firm BKCoin hit by emergency asset freeze over alleged $100 million Ponzi scheme that paid for co-founder's rent and vacations
BKCoin's co-founder was accused of spending $371,000 of investor money to pay for vacations, sporti…
Zahra Tayeb
1 min read
SEC charges Hollywood actor with operating a $690 million Ponzi scheme based on fake Netflix deals
The SEC accused actor Zachary Horwitz of a Ponzi scheme where he lied to investors that he had deal…
Emily Graffeo
1 min read
People Are Starting To Worry That A Site Called PonziCoin Might Have Been A Scam
But last night, PonziCoin organizer Vortuarackne posted a new set of rules to the game: The max dep…
Rob Wile
2 mins read
A Texas radio host was sentenced to 3 life sentences over Ponzi scheme that stole millions from elderly religious listeners
William Neil "Doc" Gallagher advertised his scheme on Christian radio broadcasts to convince elderl…
Erin Snodgrass
2 mins read
'Dr Doom' economist Nouriel Roubini suggests FTX's rescue deal shows how crypto is a Ponzi scheme: 'Who will bail out Binance?'
Economics professor Nouriel Roubini pointed out FTX itself had been bailing out struggling companie…
Zahra Tayeb
2 mins read
The judge was brutal on the Venezuelan financier who ran the biggest Ponzi scheme in Connecticut history
"If the new government goes too far and is inflexible in the negotiations, Greece would run the ris…
3 mins read
Victims of Bernie Madoff's Ponzi scheme say the 81-year-old's early prison release request should be denied
"I'm not particularly interested in seeing Mr. Madoff obtain early release. His crime affected tens…
Kelly McLaughlin
1 min read
KYLE BASS: Japan's Adding A Ponzi Scheme To A Ponzi Scheme
There's a fatalism, he says, in everyone he talks to in Japan. Their thinking is changing, and the …
Linette Lopez
1 min read
A trader is being accused of running a bitcoin Ponzi scheme
"In fact, as charged in the CFTC Complaint, the strategy was fake, the purported performance report…
Frank Chaparro
2 mins read
'O.C.' star and crypto critic Ben McKenzie tells lawmakers that the crypto market is the 'largest Ponzi scheme in history'
Crypto "may well represent a fraud at least 10 times bigger than Madoff," actor-turned-crypto criti…