Regulation
CEO Charged in $119 Million Fraud Targeting South Asian Americans
SEC alleges SiliconSage Builders CEO Sanjeev Acharya targeted community members in Ponzi scheme.
Tag: Ponzi Scheme
Newsmakers
Madoff Victims’ Recovery Tops 80% of Losses
Latest distribution of more than $488 million to Bernie Madoff victims hailed as ‘historic result.’
Regulation
Lawyer Gets Over Six Years in Prison for Ponzi Scheme
Todd Lahr took more than $2.7 million from his own law clients for purported Papua New Guinea mining operations and used it for personal expenses.
Regulation
Financial Adviser Sentenced to More Than 3 Years in Prison for Ponzi Scheme
James Booth convinced an elderly widow to invest her late husband’s pension and another investor to hand over his child’s college funds.
Regulation
Ex-Trader Gets More Than 5 Years in Prison for Ponzi Scheme
Paul Rinfret pleaded guilty to defrauding investors of more than $19 million
Regulation
SEC, DOJ, CFTC Charge Three in Ponzi Scheme Targeting African Immigrants
The defendants allegedly posed as pastors to gain the trust of unsuspecting churchgoers, among other things.
Regulation
SEC Charges Texas CEO with Swindling First Responders
Many of the alleged victims scammed out of retirement funds were former San Antonio police officers.
Risk
Investment Adviser CIO Charged with Running Ponzi-Like Scheme
David Hu could face up to 45 years in prison for allegedly selling $60 million in fake loans.
Regulation
Crypto Ponzi Scheme Took Millions from over 100 Investors
The alleged victims included former MLB players, their families, and senior citizens.
Regulation
CFO Pleads Guilty for Role in $1 Billion Ponzi Scheme
Funds were ‘pilfered’ to purchase luxury vehicles, real estate, and to pay earlier investors.
Regulation
SEC Stops Ponzi Scheme Targeting Seniors, Small Businesses
Alleged fraudsters invested funds in ‘calamitous trading strategy.’
Regulation
SEC Charges Adviser over Ponzi Scheme Targeting Haitians
Ruless Pierre, who targeted family and friends, could face 45 years in prison.
Two Plead Guilty for Roles in $910 Million Ponzi Scheme
Victims were lured with the promise of gains from alternative energy tax credits.
SEC Charges Student with Running Ponzi Scheme Out of Frat House
Syed Arham Arbab allegedly promised ‘fictitious’ annual returns of up to 56%.
SEC Halts Alleged Diamond-Related ICO Ponzi Scheme
Regulator charges cryptocurrency firms with securities fraud.