Tag: Ponzi Scheme
The alleged victims included former MLB players, their families, and senior citizens.
Funds were ‘pilfered’ to purchase luxury vehicles, real estate, and to pay earlier investors.
Ruless Pierre, who targeted family and friends, could face 45 years in prison.
Victims were lured with the promise of gains from alternative energy tax credits.
Syed Arham Arbab allegedly promised ‘fictitious’ annual returns of up to 56%.
Regulator charges cryptocurrency firms with securities fraud.
Former CEO Robert Shapiro must pay $100 million civil penalty.