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.

A Redding man pleaded guilty on Thursday to swindling investors in a $35 million Ponzi scheme that used fake financial products and an existing medical business to persuade customers to trust him ...

The U.S. Securities and Exchange Commission has filed civil charges against three Dallas-Fort Worth residents, accusing them of operating a $91 million Ponzi scheme that defrauded more than 200 ...

Retirees who invested their life savings in a Marietta man’s $110 million Ponzi scheme can’t blame their losses on his former employer, brokerage and investment bank Oppenheimer, the Georgia ...

Alexander II, Robert D. Welsh and Caedrynn E. Conner with running a Ponzi scheme that raised at least $91 million from over 200 investors. According to the SEC, from May 2021 to February 2024 ...

alleging he ran a “Ponzi-like scheme” that defrauded investors of nearly $200 million — and spent $57 million of customer money on Lamborghinis, real estate and luxury goods. Ramil Palafox ...

An Austin-based real estate lender already under court-appointed receivership is facing allegations that its investment operation was a Ponzi scheme “from the very beginning,” according to the ...

He further wrote, “Having done all the checks, the platform flies all the flags of a Ponzi scheme”. But instead of normalcy being restored as promised, the platform was quick to crash.

The DOGE leader said, “Social Security is the biggest Ponzi scheme of all time.” Social Security converts wages from workers into retirement income for people who have claimed their Social ...

A Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one of the country’s largest crypto fraud cases to ...

Elon Musk was recorded in a podcast saying that Social Security “is the biggest Ponzi scheme of all time,” (“Elon Musk turns focus on Social Security, calls it ‘biggest Ponzi scheme of all ...