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Monday, June 27, 2022
Ponzi scheme

SEC Charges Entities Behind A Nearly $450 million Ponzi Scheme

The Securities and Exchange Commission (SEC) filed a lawsuit against individuals and companies responsible for the nearly $50 million Ponzi scheme involving purported personal...
lawsuit-settlement

Farmers, Insurance Agents Imprisoned for Defrauding Crop Insurance Programs

More than a dozen tobacco farmers, a warehouse owner, several insurance agents, and adjusters in Kentucky were sent to prison for participating in a...

No-fault Auto Insurance Fraud Scheme Leader Gets 7 Years Prison Sentence

A senior leader of the massive no-fault auto insurance fraud scheme has been sentenced to seven years in prison, according to the U.S. Attorney's...
lawsuit-settlement

Fintech Investment Group, Compcoin to pay $1.8 million over fraudulent forex and digital asset...

Fintech Investment Group, Compcoin LLC, and its owner Alan Friedland were ordered to pay a total of $1.8 million for operating a fraudulent foreign...
Easterday Ranches phantom cattle fraud scheme

Easterday Ranches to pay $263 million for engaging in phantom cattle fraud scheme

A federal court ordered Easterday Ranches to pay a total of $263 million restitution and civil monetary penalty for committing a phantom cattle fraud...
You Shall Not Pass - Gandalf - Lord of the Rings

“You Shall Not Pass” Lord of the Rings Inspired Cryptocurrency Is Now Banned

A cryptocurrency inspired by the “Lord of the Rings” trilogy was banned on Tuesday. The family and estate author of JRR Tolkien — the...
DC Solar owner Jeff Carpoff Ponzi Scheme

DC Solar owner Jeff Carpoff to serve 30 years in prison for orchestrating $1...

DC Solar owner Jeff Carpoff will spend 30 years of his life in federal prison for orchestrating a $1 billion Ponzi scheme. Carpoff committed the...
Ponzi Scheme Operator William Neil Doc Gallagher

Radio host William Neil “Doc” Gallagher gets 3 life sentences for Ponzi scheme that...

William Neil "Doc" Gallagher, a Texas Christian radio host and author of the book entitled "Jesus Christ, Money Master, will serve three life prison...
Ponzi scheme

SEC sued BNZ One Capital and its co-founders for operating a Ponzi-like scheme

The Securities and Exchange Commission (SEC) filed a lawsuit against BNZ One Capital for allegedly operating a Ponzi-like scheme. The federal securities regulator also named...
Akazoo settles fraud charges

Music streaming company Akazoo to pay $38.8 million to settle fraud charges

Akazoo S.A., a purpoted music streaming company based in Greece, agreed to pay $38.8 million to settle a lawsuit filed by the U.S. Securities...

Must Read

Louisiana Judge reverses giving child support and custody to alleged rapist

The story is that a Louisiana woman lost custody of her daughter. And was ordered to pay child support to her alleged rapist went...