Search Results for: "Ponzi scheme"
Bitcoin is a Combination of “Bubble” and “Ponzi Scheme” says BIS Head
Bitcoin is a combination of a “bubble, a Ponzi scheme, and an environmental disaster,” according to the head…
By – Marivic Cabural Summers
SEC Lawsuit Accuses Tai Lopez and Business Partners of Running a $112 Million Ponzi-Style Investment Scheme
Case Intel The SEC filed fraud charges on September 23, 2025 against three executives who allegedly turned a…
By – Samuel Lopez
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…
By – Marivic Cabural Summers
International Investment Group (IIG) Managing Partner David Hu Pleads Guilty in Over $100M Ponzi-Like Scheme
The Managing Partner and Chief Investment Officer (CIO) of International Investment Group (IIG) pleaded guilty to defrauding clients…
By – Marivic Cabural Summers
SEC sues IIG co-founder David Hu for role in $60 million Ponzi-like scheme
David Hu, the co-founder and chief investment officer of International Investment Group LLC (IIG) is facing fraud charges…
By – Marivic Cabural Summers
Goliath Ventures Filed for Chapter 11 as Alleged $328M Crypto Scheme Unravels
A Florida crypto firm once promising sky-high returns has collapsed under the weight of federal scrutiny and investor…
By – Rihem Akkouche
Supreme Court Rejects $563M BMO Harris Ponzi Verdict
The U.S. Supreme Court has declined to hear an appeal challenging the Eighth Circuit Court of Appeals’ decision…
By – Rochdi Rais
Federal Prosecutors Seek Maximum Term for $110M Ponzi Mastermind
Federal prosecutors are pressing for a harsh sentence of over a decade in prison for John J. Woods,…
By – Rochdi Rais
Mastermind behind “GemCoin” crypto scheme sentenced to 10 years in prison
The mastermind behind the “epic proportions” GemCoin crypto scheme has been sentenced to 10 years in federal prison,…
By – Rochdi Rais
Ponzi Fraudster Slapped with More Than a Decade in Federal Prison
Aggressive Ponzi Fraudster Lee Loomis received a prison sentence in February for running a complex investment ponzi scheme.…
By – Peter Moreno