#ponzi-scheme

[ follow ]
www.cbc.ca
1 month ago
Canada news

B.C. files unexplained wealth order to seize cash, gold bars from Quadriga crypto scam co-founder | CBC News

Unexplained wealth order filed in B.C. to seize assets tied to fraudulent crypto exchange.
Requirement for individuals to explain wealth sources amidst suspicions of criminal activity. [ more ]
Miami Herald
2 months ago
Miami

The feds want to hear from Miami victims of a potential $25 million Ponzi scheme

Federal prosecutors seek more investors who might have been involved with Jawahar's Ponzi scheme.
Jawahar faces wire fraud and investor fraud charges, accused of extravagant spending with investors' funds. [ more ]
therealdeal.com
2 months ago
LA real estate

OC Homes of AB Capital Owners Raided by FBI

FBI agents seized evidence in AB Capital executives' homes related to a Ponzi scheme.
Investors, including wealth manager Brian Werlemman, were allegedly duped out of tens of millions of dollars in this elaborate scheme. [ more ]
ABA Journal
2 months ago
Law

Former Texas lawyer accused of bilking clients for at least $20M is sentenced for 'Ponzi-type scheme'

Former lawyer Christopher John Pettit sentenced to 50 years in prison for a 'Ponzi-type scheme' involving clients' money.
Clients lost $20-65 million in the scheme where Pettit used their money to pay off other debts and support his lavish lifestyle. [ more ]
www.hamhigh.co.uk
3 months ago
London

Fraud gang who used aliases from TV hits Suits and The Riot Club stole 1m

A gang of investment fraudsters stole over 1 million using aliases from popular TV shows.
The fraudsters cold-called members of the public and pressured them into investing in a scheme. [ more ]
www.nytimes.com
5 months ago
Wine

2 Men Bilked Wine Investors Out of $99 Million in Ponzi Scheme, U.S. Says

Two British men ran a Ponzi scheme, convincing investors to put up nearly $100 million in loans to non-existent wealthy wine collectors.
The defendants each face up to 20 years in prison if convicted. [ more ]
New York Post
5 months ago
Wine

UK man arraigned in Brooklyn court on fine wine Ponzi scheme: feds

British man arraigned in Brooklyn federal court on fraud charges for operating a fine wine Ponzi scheme.
Stephen Burton and James Wellesley convinced investors to give them $99 million, promising regular interest payments backed by wine bottles they claimed to hold. [ more ]
[ Load more ]