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Ponzi scheme

scam

Man arrested for an allegedly $300 million Forex Ponzi scheme scam

04/01/2017(0)
The arrest of a man who allegedly peddled a $300 million (Dh1.1 billion) Ponzi scheme as a foreign currency trading programme has come as a ray of hope for ... Read More
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Former CBOE Member to pay $21.8 Million in a Ponzi Scheme

01/12/2016(0)
CFTC Obtains $21.8 Million Default Judgment against Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Firms for Misappropriation of Customer Funds and Fraudulent Solicitation in Ponzi Scheme The ... Read More
scam

Alert: Beware of Facebook investment scam

28/11/2016(0)
Facebook users are promised an $800 payout if they can refer two other people into the “Blessing Loom” and deposit at least $100. Showing signs of a classic Ponzi ... Read More
financier-jailed

Ex-Wall Street exec sentenced to jail in a $38 million investment fraud case

07/11/2016(0)
An Ivy league-educated financier who defrauded friends, family and even a 9/11 victim’s relatives of more than $38 million to feed a gambling habit was sentenced Friday to four ... Read More
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Documents reveal BlackfortFX ponzi scheme scale

20/10/2016(0)
Documents from the receivers and liquidators of Arena Capital, whose director Jimmie McNicholl has been charged with running a ponzi scheme, show it received more than $9 million from ... Read More
chinese-scams

Inexperienced Chinese investors are getting stung by fintech scams

08/09/2016(0)
China is witnessing a fintech boom. Companies providing electronic payments, cryptocurrency trading and other online financial services there are not only mushrooming, they are among the biggest and most ... Read More
tax fraud

Investment adviser to plead guilty to running a $21 million Ponzi scheme

07/07/2016(0)
A Rhode Island investment adviser has agreed to plead guilty to criminal charges for orchestrating a $21 million Ponzi scheme, according to a statement from the U.S. Attorney’s Office. ... Read More
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CFTC announced that individual and his companies ordered to pay nearly $17.5 Million for operating a Ponzi Scheme

06/07/2016(0)
Garcia Sentenced to 78 Months in Prison and a Forfeiture of over $3 Million in a Parallel Criminal Case Federal Court Orders Nearly $17.5 Million in Sanctions against Naples, ... Read More
PrisonBars

UK: Three sentenced to 20 years for defrauding investors over £80m in Ponzi scheme

25/05/2016(0)
Three men convicted of defrauding investors out of almost £80m ($116.4m, €104m) in a London-based Ponzi scheme to fund their lavish lifestyles have been sentenced to nearly 20 years ... Read More
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New York attorney receives 5 years’ imprisonment for Ponzi scheme

20/05/2016(0)
‘I don’t want anyone here to think that lawyers are like this. It’s just me.’ A former Skaddens attorney was sentenced to five years in prison yesterday after operating ... Read More
Broker Cyprus TopFX