Pyramid schemes are nothing new. For example, in the 1920s, Charles Ponzi promised investors high returns on postal reply ...

An Idaho man, Shawn Cutting, is facing multiple charges for allegedly defrauding elderly investors through a Ponzi ...

A man has been arrested as part of the investigation into the betting syndicate started up by Alastair Campbell's son.

While former MTI CEO Johann Steynberg has reportedly died while under house arrest in Brazil, his associates in South Africa ...

Plans for a new mental health facility in eastern Montana are advancing. Deer Lodge County proposes two sites for a new women ...

The scheme, tied to First Liberty Building and Loan, is now under investigation by the Georgia Secretary of State's office, which says more than $140 million vanished in the fraud. For Phillip and ...

NEW YORK — A Harvard Business School graduate was arrested Thursday on fraud charges alleging he swindled fellow alumni of the prestigious school out of over $4 million in a Ponzi scheme, even ...

A Winter Park man was recently arrested for his role in a multimillion-dollar Ponzi scheme, the Florida Department of Law Enforcement announced Wednesday. The charges were the second major allegation ...

Authorities allege that it was a massive fraud, a Ponzi scheme that bilked investors out of more than $400 million. A lawyer for the man accused of masterminding the scheme calls the allegations false ...

The charges were in connection with a $20 million Ponzi scheme. He was sentenced to 235 months’ (19 years and seven months) imprisonment followed by three years of supervised release. According to ...

ST. LOUIS – Two Missouri men have pleaded guilty to operating a long-running Ponzi scheme that defrauded more than 90 victims out of at least $3 million. On Friday, James “Jim” Johnson, 77, and ...