BELMONT, Mich. (CBS12) — Matthew Mencarelli, 39, from Belmont, Michigan, has been sentenced to 97 months in federal prison for running a wire fraud scheme that defrauded 15 victims out …
Tag:
Ponzi scheme
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Charity Scams
Four Arrested in Salem for Running Ponzi Scheme, Cheating Investors of Crores
by Ananya MehtaThe Economic Offences Wing (EOW) police in Salem have arrested four trustees, including the founders of the St. Mother Theresa Humanitarian Charitable Trust, for allegedly deceiving investors and cheating them …
by Ananya Mehta -
FinancialInvestment Scams
Delhi Police Arrest Man for Running Rs 80 Lakh Ponzi Scheme
by Ananya MehtaDelhi Police have arrested Inderjeet Singh (55) for allegedly cheating over 65 individuals out of approximately Rs 80 lakh through a fraudulent Ponzi scheme. The Economic Offences Wing (EOW) of …
by Ananya Mehta -
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 …
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FinancialInvestment Scams
Hyberabad EOW Arrests Two for Rs 850 Crore Falcon Invoice Discounting Scam
by Ananya MehtaThe 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 …
by Ananya Mehta -
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 …
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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 …
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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 …
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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 …
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FinancialInvestment Scams
Thomas Madden and Jeremy Grabow Indicted for Multi-Million Dollar Ponzi Scheme
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 …