The Economic Offences Wing (EOW) of Surat Police has arrested Jiyajur Raheman Syed, the CEO and Director of LFS Broking Pvt. Ltd., in connection with a major Ponzi scheme that …
Tag:
Ponzi scheme
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FinancialInvestment Scams
Thomas Salzano Sentenced to 12 Years for Orchestrating $658 Million Ponzi Scheme
MORRISTOWN, NJ – Thomas Nicholas Salzano, 66, from Secaucus, New Jersey, was sentenced on November 12, 2024, to 12 years in federal prison for orchestrating a massive $658 million Ponzi …
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By Aliza Chasan A Texas woman, Debra Mae Carter, was sentenced to life in prison on Tuesday for her role in a Ponzi scheme that defrauded over 170 senior citizens …
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On November 11, Lee Beng Yong, also known as Muhammad Zaki Lee, was sentenced to three years and nine months in prison for his involvement in a massive loan scam …
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A large-scale fraud investigation, one of the biggest ever conducted by North Yorkshire Police, has come to a close after years of trials, resulting in multiple convictions for key figures …
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By Chulumanco Mahamba Digital Night Supervisor Jaco Botha, the 42-year-old man accused of masterminding a Ponzi scheme that defrauded investors of more than R23 million, was arrested by the Hawks …
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By Asime Nyide In a dramatic development in one of South Africa’s largest financial fraud cases, two major figures linked to the BHI Trust Ponzi scheme have been arrested. Michael …
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FinancialInvestment Scams
Fathima Sumayya Arrested for ₹5.2 Crore Investment Scam in Kozhikode
by Ananya MehtaFathima Sumayya (25), one of the key suspects in a massive Rs5.2 crore swindling case, was arrested at Bengaluru airport as she attempted to flee the country. Her husband, Faisal …
by Ananya Mehta -
NASHVILLE, Tenn. (WTVF) — Gordon Grigg has been indicted by a grand jury on charges of identity theft and multiple sex crimes. Police allege that Grigg posed as a life …
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Maria Dulce Pino Dickerson, a California businesswoman, has been indicted on 32 federal counts, including wire fraud, securities fraud, and money laundering, for allegedly running a Ponzi scheme targeting members …