Search Results for: "Ponzi scheme"
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
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
Jean-François de Clermont-Tonnerre: The Count Who Was Always in the Room
Jean-François de Clermont-Tonnerre, Owner of OceanRe International, while formally charged in Luxembourg for fraud, has never been convicted…
By – Rochdi Rais
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