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A failed financial adviser who ripped off clients through Ponzi scheme will not be forced to pay back $5 million he stole. Barry Kloogh's 81 victims were defrauded of about [...]

A former Novato executive pleaded guilty Wednesday in what authorities called a Ponzi scheme to embezzle tens of millions of dollars from hundreds of investors. Lewis Wallach, 64, of Encino [...]

The Ahmedabad Police Detection of Crime Branch (DCB) on Wednesday arrested three persons and unearthed a ponzi scheme being run for the past three months at Vastrapur in Ahmedabad. According [...]

City crime branch on Wednesday held three persons, Akhtarhussain Khan, 32, who is from Alwar in Rajasthan, Puja Singh, 27, from Bhopal and Sunil Yadav, 37, from Bijnor in UP, [...]

A team from the Noida police and the Economic Offences Wing (EOW) on Monday arrested Satinder Bhasin alias Montu Bhasin, the director of Bhasin Group, in connection with the bike [...]

A Bronx man who allegedly funneled money through a Ponzi scheme run by an attorney in New Jersey is now facing time in the slammer. Back in February, Bergen County [...]

A fraudster who promised investors high returns and no risk in a rough diamond Ponzi scheme has been jailed for seven years by a US court. Jose Angel Aman, 52, [...]

Claimants from more than 125 countries will receive a further half a billion dollars from the United States government under an initiative to compensate victims of the largest Ponzi scheme [...]

Thousands of Bernie Madoffs Ponzi Scheme victims will be receiving their portions of the latest distribution of nearly $500 million. Acting U.S. Attorney for the Southern District of New York [...]

The victims of preeminent Ponzi schemer, Bernie Madoff, are getting another US$488 million payout. The Madoff Victim Fund, which was established by the U.S. Department of Justice (DoJ), to return [...]

A Perth businessman with a taste for classic muscle cars who is alleged to have run a Ponzi scheme and owes hundreds of millions of dollars to investors will have [...]

Mobile money wallet EcoCash has issued a warning against fake Ponzi schemes robbing people of their money through investments. Ponzi schemes have been operating on the market taking large investments [...]

The Enforcement Directorate (ED) on Thursday said it has got 14-day custody of four persons from the Chennai Court for their involvement in the offence of money laundering under the [...]

The Department of Justice announced today that the Madoff Victim Fund (MVF) began its sixth distribution of approximately $488 million in funds forfeited to the U.S. Government in connection with [...]

The Economic Offences Wing (EOW) of the Delhi Police has arrested the mastermind behind the Hello Taxi Ponzi scheme through which he had duped more than 350 people to the [...]

The Justice Department announced Thursday a $488 million payout to victims of Bernie Madoffs historic Ponzi scheme, bringing the total recovery from losses to 80%. The money will go to [...]

A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the [...]

A South Florida federal district judge sentenced a Washington, D.C., man to six years in federal prison for operating a $25 million diamond investment scheme that included a crypto component. [...]

A Pennsylvania lawyer has been sentenced to six and a half years in prison and three years of supervised release for running a $2.7 million investment fraud scheme at the [...]

Sixteenth Director of the Uttar Pradesh-based private company named M/s Garvit Innovative Promoters Limited has been arrested by the police on Thursday. As per the police, the office is registered [...]

An Oroville man admitted guilt to conspiracy to commit wire fraud as part of a $35 million Ponzi scheme Thursday in U.S. District Court for the Eastern District of California. [...]

A father and son from San Antonio were both charged in connection with an alleged Ponzi scheme that defrauded investors of over $800,000, according to a news release from the [...]

PlusToken became very popular in 2019 only to see its doom when the ponzi scam came to limelight. The scam was for $3billion, which was the whopping amount and probably [...]

A father and son in San Antonio have been arrested in connection with an alleged Ponzi scheme that defrauded investors of over $800,000. 76-year-old Earl Roberts, Sr., and 50-year-old Larry [...]

The U.S. Department of Justice (DoJ) has extradited a principal member of a fraudulent cryptocurrency mining and trading platform from Panama to the United States. AirBit Club Co-founder to Face [...]

Authorities in Jiangsu province seized $4 billion in cryptocurrencies in a Ponzi scheme bust, court filings showed. The US spy chief alerts regulators about Chinas crypto dominance. Outflows from Okex [...]

A total of 244 people have fallen victim to online scams this year, with losses amounting to about four billion baht, the Information Technology Crime Suppression Centre said yesterday. Deputy [...]

Jailed former Congress MLA R Roshan Baig has been remanded in CBI custody for a few hours on Wednesday, said placed sources. The CBI is likely to take Baig around [...]

A father and son were arrested and charged in connection with an alleged Ponzi scheme that defrauded investors out of more than $800,000, according to U.S. Attorney Gregg N. Sofer [...]

Per a Monday announcement, the United States Department of Justice and the Southern District of New York have extradited from Panama a leader of alleged Ponzi scheme AirBit Club. Gutemberg [...]

The U.S. Department of Justice (DOJ) has extradited the man accused of being one of the co-founders of the global cryptocurrency Ponzi scheme AirBit Club. The Acting U.S. Attorney for [...]

Billions of dollars in cryptocurrency were seized by Chinese law enforcers from the operators of the PlusToken Ponzi scheme. The seized crypto assets included Bitcoin(BTC), Ether(ETH), Litecoin(LTC), and EOS. Chinese [...]

Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, [...]

Former Congress minister R Roshan Baig, who is in CBI custody in connection with the multi-crore I-Monetary Advisory (IMA) ponzi scam, has been hospitalised after he complained of chest pain [...]

Former MLA Roshan Baig, who was arrested by the Central Bureau of Investigation(CBI) on Sunday in connection with the Rs 4,000 crore ponzi scheme, was admitted to a private hospital [...]

The Asset Forfeiture Unit in KwaZulu-Natal has attached assets worth R106m linked to a company, Coinit, that is alleged to have been running a pyramid scheme. Spokesperson for the AFU [...]

The Central Bureau of Investigation questioned a senior IPS officer for allegedly covering up the multi-crore IMA ponzi scheme, CBI sources said on Tuesday. Three days ago we questioned Hemant [...]

The Central Bureau of Investigation questioned a senior IPS officer for allegedly covering up the multi-crore IMA ponzi scheme, CBI sources said on Tuesday. 'Three days ago we questioned Hemant [...]

The Halton Regional Police Service (HRPS) Regional Fraud Unit has completed a three-year investigation into a Ponzi scheme operating in the region that defrauded victims out of approximately 1.3 million [...]

The Central Bureau of Investigation (CBI) on Sunday arrested former Karnataka minister and ex-MLA Roshan Baig in the Rs 1,500-crore I-Monetary Advisory (IMA) ponzi scam. While it said he was [...]

As a case of real estate Ponzi scheme is processing, prosecutors said a former Teaneck attorney planned to escape prosecution for running a multimillion-dollar real estate Ponzi scheme in North [...]

A Sarasota man was sentenced to 10 years in federal prison for playing a key role with a local investment firm that prosecutors say operated a large-scale Ponzi scheme. Joseph [...]

Delhi Police have arrested six more additional directors of M/S Garvit Innovative Promoters Ltd on charges of cheating people of around Rs 42,000 crore in different states by misleading victims [...]

Delhi Police have arrested six additional directors of M/S Garvit Innovative Promoters Ltd on Thursday on charges of cheating people in the tune of around Rs 42,000 crore in different [...]

Prosecutors said a former Teaneck attorney planned to escape prosecution for running a multimillion-dollar real estate Ponzi scheme in North Jersey by starting a new life in South America, but [...]

The Atlanta-area advisor was not found and turned to be the target of an FBI search after financially forging almost 100 investors as part of a Ponzi scheme involving the [...]

Related to a scheme, authorities informed that after a daring escape attempt into Lake Shasta using a submersible device, a Palo Cedro man was arrested Monday on suspicion of scamming [...]

The recent arrest of a fraud suspect took an aquatic turn when the man tried to flee in a sea scooter, federal authorities in California say. And, somehow, someway, President [...]

The creator of investment companies Family Wealth Legacy and Zolla was arrested Monday for an alleged $35 million fraud scheme, according to U.S. Attorney McGregor W. Scott. Matthew Piercey, 44, [...]

Officials said they planned to use the proceeds from the auction of thousands of rare coins to help the victims of a Utah Ponzi scheme to recover some of the [...]