Posts tagged with: "Ponzi"
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10 Apr 2009, 8:44 am
The Sacbee reports that The Securities and Exchange Commission said that the Folsom area Ponzi scheme it alleges was run by Anthony Vassallo and Kenneth Kenitzer offered low-risk investments paying 42% a year. [read post]
26 Jan 2009, 11:32 am
“If you think Bernie Madoff had a Ponzi scheme going, wait until the wave of boomer retirement hits the reality of pension underfunding. [read post]
19 Sep 2014, 3:40 pm
A federal judge in Texas has convicted a local man of conducting a massive Bitcoin-based Ponzi scheme, and ordered him to pay $40.4 million. [read post]
7 Sep 2011, 4:27 pm
Instead, all of the funds paid to investors were "Ponzi" payments that came from money invested by victims. [read post]
7 Sep 2011, 4:27 pm
Instead, all of the funds paid to investors were "Ponzi" payments that came from money invested by victims. [read post]
20 Jan 2010, 1:10 pm
For decades, the former South Carolina broker fleeced investors out of millions of dollars in an elaborate Ponzi scheme. [read post]
17 Feb 2009, 1:15 am
From the facts in the Star-Bulletin story, one would think this should have raised red flags all over the place for potential 'investors.' The accused advertised on Craigslist; he allegedly guaranteed 5 and 5 1/2% return per month trading stock options; he told 'investors' that because he is not a licensed stockbroker everyone had to pretend they were loaning him money and he would make out notes to them indicating the return he was guaranteeing; and new 'investors'… [read post]
22 Jun 2012, 10:23 am
Ltd. affiliate and four other insurers for claims arising from a $2.3 billion securities fraud and Ponzi scheme. [read post]
26 Jul 2018, 11:41 am
The Securities and Exchange Commission (SEC) filed a complaint alleging that Oregon-based investment firm Aequitas Management, LLC (Aequitas Management) and its subsidiaries operated a Ponzi-like scheme that defrauded its 1,500 customers of approximately $350 million. [read post]
25 Nov 2010, 12:02 pm
Madoff’s fraud, which is said to be the largest Ponzi scheme in U.S. history, was uncovered in December 2008. [read post]
20 Dec 2011, 6:54 pm
A California man was sentenced to fifteen years in state prison after running a real-estate Ponzi scheme that duped investors out of $7 million. [read post]
28 Apr 2010, 1:18 am
District Court for the Southern District of Texas recently ruled that a professional liability insurer must defend its insured, an insurance brokerage and consulting firm, against claims by victims of the alleged Stanford Financial (“Stanford”) Ponzi scheme. [read post]
28 Apr 2010, 1:18 am
District Court for the Southern District of Texas recently ruled that a professional liability insurer must defend its insured, an insurance brokerage and consulting firm, against claims by victims of the alleged Stanford Financial (“Stanford”) Ponzi scheme. [read post]
1 Nov 2010, 1:20 pm
NFL players are finding themselves abused by brokers with bad investments in Ponzi and other fraudulent schemes. [read post]
11 Sep 2012, 8:28 am
The U.S. argued that determining Stanford’s company was a Ponzi scheme was not the same as concluding that the company was in or approaching financial difficulty under the SIPA. [read post]
28 Dec 2009, 7:06 pm
It has got to be demoralizing knowing your Ponzi gig is up because an even bigger Ponzi artist just ratted you out. [read post]
20 Oct 2009, 10:57 am
A Special Review Committee (the "Special Committee") appointed by the Board of Governors of the Financial Industry Regulatory Authority ("FINRA") issued a report finding that FINRA missed opportunities to detect the Ponzi Schemes perpetrated by Bernard Madoff and Allen Stanford, according to an October 2 article in InvesmentNews by Sue Asci. [read post]
2 Dec 2011, 6:51 pm
Federal prosecutors unveiled charges against two more former employees of convicted Ponzi schemer Scott Rothstein's now-defunct law firm Rothstein Rosenfeldt Adler ("RRA"), accusing them of playing a role in Rothstein's massive fraud. [read post]
15 Dec 2008, 8:45 pm
Lately, the news has been loaded with articles (see here, here, and here) about civil lawsuits expected - with the first one already filed - as investors try to recover their losses from the infamous Bernard L. [read post]
7 Nov 2021, 9:05 am
William Neil Gallagher, a Texas radio host known as the Money Doctor who promoted his business on Christian radio, was sentenced to three life terms for a Ponzi scheme that defrauded more than 190 listeners of at least $23 million.Mr. [read post]
