Search Results for: "Ponzi scheme"
SEC $67M Weedgenics Fraud Case Ends With Crushing Judgments
In a courtroom drama that has finally reached its climax, a California federal judge has ordered four individuals…
By – Rihem Akkouche
CNBC Pundit Gets 5-Year Prison Term in $2.7M Investor Fraud Suit
A California federal judge on Monday sentenced former CNBC pundit James Arthur McDonald Jr. to five years in…
By – Rihem Akkouche
DOJ Shuts Down Its Cryptocurrency Fraud Unit
In a sweeping shake-up that’s reverberating through the digital asset world, the U.S. Department of Justice has officially…
By – Rihem Akkouche
California Trader Sentenced to 70 Months for $2M Investment Fraud
A federal judge in North Carolina has sentenced Gustavo Guzman, a California resident extradited from Australia, to 70…
By – Rihem Akkouche
Fraudster Pleads Guilty in $18M CBD Scam Lawsuit
A California federal court has seen a dramatic turn of events as Mark Roy Anderson, a previously convicted…
By – Rochdi Rais
OneCoin Founder’s Right-Hand Sentenced in Multi-Billion Cryptocurrency Scam
The plot of the OneCoin cryptocurrency scheme, a financial mirage that rivaled the grand illusions of the likes…
By – Rochdi Rais
An FTX Customer Who Lost $750,000 Files a Lawsuit against Golden State Warriors
An FTX customer who says he shed $750,000 after the crypto behemoth collapsed has filed a lawsuit against…
By – Rochdi Rais
Former IIG Managing Partner David Hu gets 12 years jail time for defrauding $120 million from investors
David Hu, the former managing partner of International Investment Group (IIG) was sentenced to 12 years in prison…
By – Marivic Cabural Summers
SEC Sued BitConnect and Founder Kumbhani over $2 Billion Cryptocurrency Fraud
The U.S. Securities and Exchange Commission (SEC) sued BitConnect for allegedly committing a massive cryptocurrency fraud that harmed…
By – Marivic Cabural Summers
SEC charges Victor Farias with defrauding first responders out $14M
On July 30, 2020, David Peavler, Regional Director of the SEC’s Fort Worth Office announced charges against San…
By – Jackie Allen