Ponzi scheme

A Fort Lauderdale man has been sentenced to 20 years in federal prison for his role in a massive Ponzi scheme that defrauded more than 150 investors of a combined …

Venezuelan authorities have arrested Rosa María González, a suspected key architect of Generación Zoe, the Argentine cryptocurrency scam that allegedly defrauded tens of thousands of investors of at least $120 …

OHIO / NEW YORK — Patrick James, former CEO of bankrupt auto parts supplier First Brands Group, was indicted on federal fraud charges and arrested Thursday alongside his brother Edward …

ATLANTA, Ga. — The founder and CEO of a Georgia-based financial advisory firm has pleaded guilty to wire fraud in a Ponzi scheme that defrauded more than 2,000 investors out …

Visakhapatnam cybercrime police arrested four individuals for running a crypto-based MLM (Multi-Level Marketing) scam under names such as UMT, UBIT, Ultraverse, and MMMC. The accused were identified as: Nagireddy Sudheer …

Jordan Chirico, 41, has been charged in connection with an alleged $200 million Ponzi scheme centered on water vending machines. He is now facing both criminal charges and civil litigation, …

The Devbhumi Dwarka police arrested a 24-year-old school dropout, Pankaj Rathor, and his uncle, Basant Solanki (51), from Indore for allegedly running a Ponzi-style online stock investment scheme using Facebook …

The Economic Offences Wing (EOW) of Delhi Police has arrested Sanjay, a 36-year-old advocate, for allegedly orchestrating a Rs 100 crore investment fraud. He is accused of duping around 200 …

Asansol North Police have busted a major Ponzi scheme and arrested four individuals from Kolkata in connection with a fraud estimated at over Rs200 crore, which affected several thousand investors. …

Sambalpur police on Thursday arrested a 36-year-old man for allegedly running a massive fraudulent investment scheme that cheated investors out of nearly Rs50 crore. The accused, identified as Madhusudan Barai …