Search Results for: "Ponzi scheme"
Cambridge Hedge Fund Manager Sentenced for Investment Fraud Scheme
Investment Fraud Scheme The owner of two Cambridge-based investment advisory firms receives sentence in connection with a scheme…
By – Peter Moreno
New Jersey Investment Adviser Fraud Scheme
Fraud and Identity Theft Scott Newsholme of Farmingdale, New Jersey, plead guilty in federal court to wire fraud,…
By – Peter Moreno
PGI Founder Gets 20 Years for Global Crypto Fraud That Snared 90,000 Investors
A federal judge has sentenced the architect of the PGI CEO $200M bitcoin ponzi scheme to 20 years…
By – Rihem Akkouche
Trafigura Wins $600m Nickel Fraud Lawsuit in London High Court
In a dramatic courtroom victory, Trafigura wins $600m nickel fraud lawsuit against Indian businessman Prateek Gupta, with London’s…
By – Rachel Moore
Judge Finalizes $4.1M SEC Deal With AI Fraudster Whose “Hedge Fund” Never Existed
In a dramatic end to a tangled web of false promises and fabricated technology, a Brooklyn federal judge…
By – Rihem Akkouche
Edward Lake $20M Takeover Suit: New York Attorney Battles Investors in Explosive Legal Clash
In a legal saga straight out of Wall Street intrigue, New York attorney Edward J. Lake has filed…
By – Rihem Akkouche
Audit Firms Agree $46M Deal Over Alleged GPB Fraud Ties
Several auditing firms have reached a $46 million settlement to resolve claims related to their alleged involvement in…
By – Rochdi Rais
Estonian Crypto Fraud Defendants Told to Leave U.S. Despite Court Order
WASHINGTON — Two Estonian nationals awaiting sentencing for their roles in a massive $577 million cryptocurrency Ponzi scheme…
By – Rochdi Rais
Tadrus Capital CEO Admits AI Hedge Fund Fraud in $5M Scam
A supposed AI-driven hedge fund promising guaranteed double-digit returns turned out to be nothing more than smoke and…
By – Rihem Akkouche
The legal nightmare known as River City continues
There’s a whole lot of finger pointing going on in River City. The defunct Philadelphia development once known…
By – Jane Kaiser