First, the Ponzi scheme presumption does not easily apply to a third-party lender (e.g., a bank) that unwittingly loaned funds to (and obtained collateral from) a borrower engaged in a Ponzi scheme.

A Ponzi scheme has no such options, nor would it use them if it could. After all, the point of a Ponzi scheme isn’t the payouts — it’s enriching those who started it. Social Security Is ...

Imer Gomez “claimed to be an experienced trader who could provide clients monthly double-digit returns by trading securities,” the SEC alleges.

A Nigerian man has stirred reactions on X after he mentioned the name of another alleged Ponzi scheme that may crash soon; The X user, identified as Man of Letters, said he had warned people that ...

A Stuart man was ordered Feb. 4 to pay more than $1.1 million for being the "master trader" of a fraudulent $100 million cryptocurrency Ponzi scheme, court records show. Joshua Nicholas, 30, was ...

Unlike a Ponzi scheme, Social Security has “many layers of oversight, regular auditing, regulation, and legal and financial systems in place to ensure accuracy and transparency,” Benson said.

Hundreds of Utahns and others across the country put millions into a silver Ponzi scheme thinking they were making smart investments. They later learned the man they trusted was using their money ...

Natalie's scheme began after the Cochrans registered a new company called Tactical Solutions Group (TSG) in 2017. They said it focused on bidding on contracts to sells weapons and other goods to ...

Promises of gold mines: Ex-NFL player gets prison for running Ponzi scheme Former NFL player John Robert Leake was sentenced to 2.5 years in prison for defrauding $5M from friends in a gambling ...

A California real estate mogul has been arrested and is facing multiple federal charges for allegedly running a 15-year Ponzi scheme that defrauded hundreds of investors out of nearly $30 million.

Elon Musk. Statement: “Social Security is the biggest Ponzi scheme of all time.” In an interview with podcaster Joe Rogan, billionaire and White House adviser Elon Musk resurrected a term that ...

Unlike a Ponzi scheme, Social Security has "many layers of oversight, regular auditing, regulation, and legal and financial systems in place to ensure accuracy and transparency," Benson said.