Ponzi scheme

BETHLEHEM, Free State — A 41-year-old man, Caleb Ntuli, was sentenced to seven years in prison for his role in running a Ponzi scheme through his investment business, Tshwaranang Stokvel, …

After nearly eight years on the run, Nisha Agrawal, a prime accused in the Rs50 crore Arbuda Credit Cooperative Society scam, was arrested by Kapadwanj police from the Naranpura area …

Abner Tinoco Fined $31M in Crypto Ponzi Scheme Case CFTC wins major ruling in 3-year fraud case over $3.9M The U.S. Commodity Futures Trading Commission (CFTC) has secured a massive …

In a shocking case of betrayal and online fraud, 37-year-old bank manager J Robert Kim lost Rs88 lakh in an alleged investment scam masterminded by his close friend V Rajasekar, …

In a major development in the DB Stock Consultancy scam, the Central Bureau of Investigation (CBI) on Sunday arrested two individuals from Guwahati—Pushpajit Purkayastha, a former Axis Bank manager, and …

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, …