Search Results for: "Ponzi scheme"
Ponzi Scheme Promised 15% Weekly Returns, Delivered $406 Million in Losses Instead, CFTC Says
The Fraud, By the Numbers Federal regulators say four men ran a forex trading scam that pulled in…
By – Samuel Lopez
Texas Attorney Ponzi Scheme Charges Include Forged Deeds and Witness Tampering
A Texas lawyer who spent decades practicing criminal, family and personal injury law now finds himself on the…
By – Tyler Brooks
4th Circuit Upholds 5-Year Prison Term for $9.3M Ponzi Scheme
The U.S. Court of Appeals for the Fourth Circuit has affirmed a 63-month prison sentence for Nayeem Choudhury,…
By – Rochdi Rais
Pennsylvania Man Sentenced to 6+ Years for $13M Diamond Ponzi Scheme
A Pennsylvania man was sentenced to more than six years in federal prison in Florida for running a…
By – Rochdi Rais
SEC russell todd lawsuit Over Alleged $300M Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Wednesday against Russell Todd Burkhalter and his firm,…
By – Rihem Akkouche
Wells Fargo Faces Class Action Over Alleged Role in $300M Ponzi Scheme
Wells Fargo Bank NA is facing a proposed class action in Florida federal court, accused of aiding and…
By – Rochdi Rais
RI Ex-Broker Gets 8 Years In Ponzi Scheme
A Rhode Island man, Thomas Huling, formerly of West Warwick, has been handed an eight-year prison sentence for…
By – Rihem Akkouche
William Koo Ichioka Faces 4 Years Prison for Cryptocurrency Ponzi Scheme
In a courtroom spectacle akin to a high-stakes crypto rollercoaster, former investment manager William Koo Ichioka has been…
By – Rochdi Rais