In a major development in the DB Stock Consultancy scam, the Central Bureau of Investigation (CBI) on Sunday arrested two individuals from Guwahati—Pushpajit Purkayastha, a former Axis Bank manager, and …
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Ponzi scheme
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Ontario, Canada – Doug Grozelle, a former punk rock frontman turned Ponzi scheme mastermind, was arrested Thursday in connection with a complex $24.6 million investment fraud. Grozelle, 49, is accused …
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A 52-year-old woman, Jenni Yoon Jeong Lee, of Federal Way, Washington, has been charged with wire fraud and bank fraud after allegedly defrauding at least 28 victims out of more …
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Ponzi Scam
Elana Cohen-Roth Found Guilty of Defrauding Elderly Santa Rosa Woman in $1.5M Ponzi Scheme
SANTA ROSA, Calif. (CBS12) — Elana Cohen-Roth, an 80-year-old former IRS field agent, was found guilty Thursday of defrauding a 73-year-old Santa Rosa woman out of more than $1.5 million …
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LOS ANGELES (WLUK) — John Robert Leake, a former Green Bay Packers linebacker, was sentenced to 2.5 years in federal prison for his role in a Ponzi scheme that defrauded …
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Investment ScamsPonzi Scam
Santosh Kumar Acharya Arrested for Orchestrating Rs 100 Crore Investment Fraud
by Ananya MehtaSambalpur police arrested Santosh Kumar Acharya, 42, on Monday for allegedly orchestrating an investment fraud amounting to approximately Rs 100 crore. The fraud affected hundreds of investors across western Odisha, …
by Ananya Mehta -
NEW JERSEY – Ahmet Neidik, 65, of Fort Lee, New Jersey, was sentenced on March 7, 2024, to 18 months in prison for his involvement in a nationwide off-the-road tire …
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Money-Laundering ScamsPonzi Scam
ED Arrests Jawahar Lal Shah in Connection with Ponzi Scheme in Bihar
by Ananya MehtaThe Enforcement Directorate (ED), Patna Zonal Office, arrested Jawahar Lal Shah under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a Ponzi scheme. Shah …
by Ananya Mehta -
Wilmington, N.C. — Willard Sutton, 64, of Winterville, North Carolina, has pled guilty to running a Ponzi scheme that defrauded more than 60 investors of over $8 million. Sutton, a …
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A San Diego man, Denny Thakorbhai Bhakta, has been sentenced to more than 19 years in federal prison for securities fraud, bank fraud, and money laundering, linked to a $35 …
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