Stanford is serving a 110-year prison sentence after being convicted in 2012 of defrauding about 18,000 investors.

A Ukrainian actor has been arrested in a Ponzi scam which cheated hundreds in Mumbai by promising high returns on investments. Earlier this month, Torres Jewellery - which operated several stores ...

JACKSONVILLE, Fla. – Jacksonville real estate broker Cedric Griffin is now behind bars after years on the run, facing accusations of orchestrating a Ponzi scheme that defrauded investors of ...

This is the fifth arrest in this case. Torres jewellery company is accused of defrauding investors of crores of rupees through a combination of Ponzi and multi-level marketing (MLM) schemes.

sounds like a social system in which funding the promises made to the ageing requires a continuous inflow of the young. I’m sure that’s different from a Ponzi scheme, but I’m not certain how.

From 2017 to 2019, prosecutors said she ran a $2 million Ponzi scheme, posing as a government contractor and defrauding investors out of millions of dollars, according to the U.S. Attorney's Office.

The co-founder and head trader of a cryptocurrency investment firm has pleaded guilty to wire fraud conspiracy charges for his role in raising over $9 million from investors with false promises of ...

Mumbai's Economic Offences Wing has arrested two partners of a firm, including a mechanical engineer, for allegedly duping 100 investors of Rs 28 crore through a ponzi scheme promising 24% yearly ...

under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in a ponzi scheme case related to Nowhera Shaik and Heera Group of Companies. The ED has been investigating money ...