The SEC said that about three million Nigerians lost N18bn when the popular Ponzi scheme, Mavrodi Mundial Movement, aka MMM, crashed in 2016. As of 2022, Nigerians had lost over N300bn in Ponzi ...

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.

Jeffy Yu faked his death, then his crypto pumped A clip of Yu broadcasting his ... Some suspected Cotten had run a Ponzi scheme for years and used his death as the ultimate escape plan.

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 ...

FOOD TRUCKS WILL BE ON A North Carolina bought a boat, a beach house, and luxury cars while defrauding investors in a $20 million Ponzi scheme. William Lamar Rhew, III of Summerfield pled guilty ...

It's likely there will be no FINRA arbitration for a group of alleged Ponzi scheme victims who think Oppenheimer & Co. should bear responsibility for the loss of a good chunk of their savings.

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 reportedly sentenced Joel Ferreira de Souza, the lead launderer behind the Braiscompany cryptocurrency Ponzi scheme, to an unprecedented 128 years, 5 months, and 28 days in ...

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 ...