Stanley Pophal Charged in $15M Investor Fraud Scheme
WAUSAU, WI — A Wausau man is facing federal charges after allegedly orchestrating a multimillion-dollar investment fraud scheme that ran for nearly six years. Stanley Pophal, 63, was charged in…
Ponzi scheme
Justice Yellim Bogoro Jails 12 for Cyber-Terrorism in Lagos
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…
Miles Burton Marshall Arrested for $50M Ponzi Scheme in Hamilton
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…
Vincent Dispoto Jr. Admits $7M Investment Fraud Scheme
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 Sentenced for $4.7M Business Loan Scam
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 Pleads Guilty to $35 Million Ponzi Scheme and Underwater Scooter Escape
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…
Sushma Raj, Singh Held in Rs792 Cr Investment Scam
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.…
Middlesex County Couple Indicted for $2M Ponzi Scheme
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…
Former NYC Real Estate Developer Charged with $10M Fraud Scheme
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…
Lokesh Joshi, Son Held in RsCrore Ponzi Scam in Jaipur
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…
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