#ponzi-scheme
#ponzi-scheme
[ follow ]
#fraud #investment-fraud #investment-scam #investment #bankruptcy #money-laundering #wholesale-avocado-business
fromQNS
6 days agoEx-NYPD officer from Bellerose sentenced to three years in prison for wire fraud scheme: Feds - QNS
According to court filings and the defendant's admissions, Rodriguez and his co-conspirator Edwin Carrion founded the Technical Trading Team (TTT) in the spring of 2020. Rodriguez had sole trading authority over the vast majority of the nearly $5 million raised from over 20 individual investors. Rodriguez and Carrion promised investors annual investment returns ranging from 18% to 24% and convinced them to invest based on a number of material misrepresentations.
US news
France news
fromThe Art Newspaper - International art news and events
1 week agoTrial of Gerard Lheritier, once dubbed 'the king of manuscripts', gets underway in Paris
Gérard Lhéritier is accused of running a large Ponzi-like scheme through Aristophil, inflating manuscript values and misusing investor funds, causing massive losses.
fromFortune
1 month agoMiles 'Burt' Marshall, 73-year-old upstate New Yorker, indicted for alleged $95 million Ponzi scheme
Miles "Burt" Marshall was widely trusted in upstate New York, promoting an "8% Fund" investment scheme that ultimately proved to be a Ponzi scheme, leading to his bankruptcy.
US news
Fundraising
fromPsychology Today
2 months agoWhy Smart People Fall for Fraudulent Schemes
Scams exploit emotions, not intelligence; anyone can fall for a Ponzi scheme.
Victims endure trauma and shame, with recovery being as crucial as financial restoration.
To avoid scams, stay alert and verify claims before trusting promises.
SF parents
fromsfist.com
3 months agoDay Around the Bay: Federal Court Says Trump's Tariffs Aren't Legal
Kenneth Mattson is released on $4 million bail amid opposition from victims of his Ponzi scheme.
Immigration advocates rally against ICE arrests of legal asylum seekers.
A federal court rules Trump's tariffs were unlawful under the invoked economic emergency law.
Elon Musk leaves White House advisory role expressing concerns over fiscal issues.
[ Load more ]