Ponzi scheme

R.L., also known as “Lord Lester,” a professional gambler from Luton, England, was recently convicted and sentenced to five years in prison for scamming nearly 200 individuals with promises of …

The Economic Offences Wing (EOW) of Hyberabad arrested two individuals on Saturday for allegedly swindling Rs 850 crore through fraudulent promises of high returns in the Falcon Invoice Discounting Platform …

A Turkish court has sentenced Mehmet Aydin, the mastermind behind the fraudulent mobile game Çiftlik Bank, to over 45,000 years in prison. The game, marketed as a virtual farming investment …

Raees and Ameer Cajee, known as the Bitcoin brothers, are under investigation in Switzerland after one of them was arrested while attempting to access safety deposit boxes in Zurich. The …

The co-founders of HashFlare, a once-popular cloud mining service, have pleaded guilty to conspiracy to commit wire fraud in what is considered one of the largest crypto fraud cases in …

Indianapolis, IN – Herbert “Bert” Whalen, 50, was sentenced to 41 months in prison on Tuesday after pleading guilty to conspiracy to commit wire fraud in connection with a multi-million-dollar …

A federal grand jury unsealed an indictment on January 31, charging Thomas Paul Madden, 66, of Washington City, Utah, and Jeremy Tyler Grabow, 54, of Ladera Ranch, California, with multiple …

A New York court has sentenced Antonia Perez Hernandez, a key promoter in the Forcount Ponzi scheme, to 30 months in prison. The sentence was handed down by U.S. District …

Stevensville, Montana — Brett Mauri, a 61-year-old timber frame home builder from Stevensville, has been sentenced to 63 months in prison after being convicted on charges of wire fraud and …

Armen Ataine, a Ukrainian actor, was arrested by the Economic Offences Wing (EOW) of the Mumbai Police in connection with a Ponzi scam that defrauded hundreds of investors across the …