Gustavo Guzman, 61, formerly of Fullerton, California, was sentenced today to 70 months in prison for orchestrating an investment fraud scheme that defrauded victims of nearly $2 million, the U.S. …
Tag:
Ponzi scheme
-
-
The Central Bureau of Investigation (CBI) has successfully apprehended Mintu Das, also known as Rohit Chandra Das, the alleged mastermind of a large-scale online trading fraud. The arrest took place …
by Ananya Mehta -
FinancialInvestment Scams
Israeli Man Shlomo Erez Pleads Guilty to Conspiring with Ponzi Schemer Eliyahu Weinstein
Shlomo Erez, a 56-year-old man from Israel, has pleaded guilty to multiple charges in connection with a $35 million Ponzi scheme, alongside Eliyahu “Eli” Weinstein, a notorious Ponzi schemer who …
-
Jason Rodriguez, a former New York Police Department (NYPD) officer, pleaded guilty to conspiracy to commit wire fraud in connection with his role as Chief Operating Officer of Technical Trading …
-
FinancialInvestment Scams
Prayag Group Directors Arrested in ₹2,000 Crore Ponzi Scheme by ED
by Ananya MehtaIn a significant development, the Enforcement Directorate (ED) has arrested two directors of the Prayag Group, a West Bengal-based company, in connection with a massive multi-crore chit fund scam. The …
by Ananya Mehta -
FinancialInvestment Scams
Ahmedabad Couple and Associate Arrested for ₹1.61 Crore Investment Scam
by Ananya MehtaIn a significant breakthrough, Ahmedabad police have arrested three individuals, including a husband and wife duo, for defrauding investors of Rs1.61 crore through a fraudulent investment scheme under the name …
by Ananya Mehta -
Investment Scams
Surat Police Arrest LFS Broking CEO Jiyajur Raheman Syed in ₹2.48 Crore Ponzi Scam
by Ananya MehtaThe 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 …
by Ananya Mehta -
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 …
-
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 …
-
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 …