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Ponzi scheme

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Online finance scam: 21 people involved arrested in China

01/02/2016(0)
Chinese officials arrest 21 people over $7.6bn ‘scam’ Chinese authorities have arrested 21 people involved in an online finance scheme which is suspected of defrauding 900,000 investors of about ... Read More
Bernard Madoff

$1B in legal fees for recovery of Madoff losses is a ‘good return on investment’

22/10/2015(0)
Lawyers recovering money for victims of Bernard Madoff’s Ponzi scheme say total legal fees in the case could reach $1 billion. In an interview with ABC News, court-appointed trustee Irving ... Read More
Cryptocurrency

GemCoin Investors Seek $100 Million in Class Action Lawsuit

09/10/2015(0)
An $100m class action lawsuit has been filed on behalf of victims of an alleged Ponzi scheme involving the fake cryptocurrency ‘Gemcoin’ days after a US Securities and Exchange Commission (SEC) ... Read More
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$76 Million penalties for Forex Ponzi Scheme

03/08/2015(0)
In Related Criminal Actions, Simmons Sentenced to 40 Years’ and Salazar Sentenced to 4.5 Years’ Incarceration and Ordered to Pay in Total $40 Million in Criminal Restitution Both Simmons ... Read More
SEC- Headquarters

SEC Charges Purported Investment Adviser With Stealing Client Funds and Conducting a Ponzi Scheme

17/07/2015(0)
The Securities and Exchange Commission charged a purported investment adviser in San Diego with stealing money from clients for personal use and conducting a Ponzi scheme to pay customers making ... Read More
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SEC Charges Former Stockbroker With Conducting Ponzi Scheme

02/07/2015(0)
The Securities and Exchange Commission today charged a former stockbroker in Pennsylvania with conducting a Ponzi scheme and stealing investor money to purchase a condominium in Florida and afford ... Read More
ASIC_regulator

Alleged Ponzi scheme operator faces court

26/05/2015(0)
Following an ASIC investigation, an Adelaide man has faced court accused of deception totalling $12 million. Former mortgage broker Michael Samra faced Adelaide Magistrates Court on 22 May 2015 ... Read More
legal

Melbourne lawyer jailed for 12 years for $12m Ponzi fraud

10/12/2014(0)
‘Many of your victims trusted you because you were a family member or friend, you exploited their trust for your own personal gain,’ judge tells Philip Linacre A Melbourne ... Read More
Legal letter

Madoff accomplice Daniel Bonventre jailed for 10 years

09/12/2014(0)
A former associate of Bernie Madoff has been sentenced to 10 years in jail for aiding the disgraced Wall Street financier in his $65bn (£42bn) fraud scheme. Daniel Bonventre, ... Read More
alex-hope

Currency trader whizz kid ‘masterminded £5.5m Ponzi fraud’

04/12/2014(0)
A foreign currency trader used investors’ cash as his “personal piggy-bank” and blew £1 million in casinos and £500,000 in nightclubs, a court heard. Financial whizz kid Alex Hope, 25, ... Read More
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