You Searched For "Ponzi scheme" and got 19 results
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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
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
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
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
1 min read
'China's Madoff' Was Executed In Secret
He allegedly defrauded more than 57,000 investors out of approximately RMB2.8 billion (US $460 mill…
Steven Perlberg
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
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
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
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
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
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
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…
Carla Mozée
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
A Florida company must pay $1 billion for defrauding thousands of elderly people in a Ponzi scheme
Woodbridge had said its primary business was the issuance of loans to third-party commercial-proper…
Meghan Morris
2 mins read
Ex-NFL player Will Allen accused of running a $31 million Ponzi scheme
"Allen and Daub told investors that they could profit by funding the loans and receiving interest o…
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
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
How Bernie Madoff Cheated His Clients Even After They Died
While Madoff usually backdated trades to diminish payouts to the estates of clients who died, he co…
Steven Perlberg
1 min read
Rep. George Santos was paid by a company the SEC called a 'classic Ponzi scheme' but never disclosed the payments as a candidate, report says
Rep. George Santos said he left Harbor City in March 2021, but a lawyer reviewing the firm said he …