Ponzi scheme

LAGOS, Nigeria — Justice Yellim Bogoro of the Federal High Court in Lagos sentenced four Filipino nationals and eight Nigerians to one year in prison on Friday for cyber-terrorism, internet …

HAMILTON, N.Y. — The New York State Attorney General’s Office announced the arrest of Miles Burton Marshall, a local tax preparer accused of operating a decades-long Ponzi scheme that defrauded …

A 67-year-old Belmar man, Vincent Dispoto Jr., has pleaded guilty to operating a massive investment fraud scheme that spanned over three decades, defrauding nearly 50 victims out of close to …

John Sabo, 71, a former Spring Lake, New Jersey resident now living in Florida, has been sentenced to six years in federal prison for orchestrating a nearly decade-long fraudulent business …

Matthew Piercey, a 48-year-old California man, pleaded guilty to a series of charges, including wire fraud, money laundering, and witness tampering, after orchestrating a massive $35 million Ponzi scheme that …

In a significant development in a massive investment scam, Telangana’s Crime Investigation Department (CID) and state police on Sunday arrested two more suspects—Sushma Raj and Rabindra Prasad Singh—from Bhojpur, Bihar. …

MONMOUTH JUNCTION, NJ — Swapnil Rege, 50, and Reema Rege, 48, a married couple from Monmouth Junction, New Jersey, have been indicted by a state grand jury on multiple financial …

BOCA RATON, FL — Joshua Schuster, 41, of Boca Raton, Florida, has been arrested and charged with wire fraud and securities fraud in connection with defrauding investors out of more …

A 48-year-old man and his 22-year-old son were arrested in Phulera, Jaipur district, for running a massive Ponzi scheme disguised as a high-return investment firm. The duo, Lokesh Joshi and …

In a major crackdown, four Indian Army deserters were arrested at Kolkata Airport while returning from Dubai, after being tracked for months by military intelligence. The arrests were made based …