Ponzi scheme

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 …

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 …

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 …

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 …

Sambalpur 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, …

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 …

The 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 …

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 …

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 …

The Gujarat Crime Investigation Department (CID) on Wednesday arrested Vinod Patel, a school principal, for his involvement in the multi-crore BZ Group Ponzi scam. His arrest brings the total number …