Lisa Schiff, 54, was, for more than a decade, a darling of the city’s art scene. ... New York art adviser accused of ‘running a Ponzi scheme’ will have her collection auctioned off.

According to a civil complaint, filed with the Supreme Court of the State of New York in May, Schiff’s one-time pals accuse her of “effectively … running a Ponzi scheme, taking funds ...

The name comes from Charles Ponzi, a 1920s notorious fraudster who operated a scheme where he promised investors a 40% return on their investments in 90 days until its final crash.

Maybe Musk should ask if all forms of insurance are a Ponzi scheme. After all, no loss, no payment. Think of it, all those premiums and the house didn’t even burn down.

A California man who tried to evade authorities by riding a scooter underwater into a lake, pleaded guilty in connection with a $35 million fraud scheme. Matthew Piercey, 48, pleaded guilty to ...

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.

A social media finance influencer with more than a million followers faces federal charges accusing him of defrauding investors of more than $11 million.. Tyler Bossetti, 31, is charged in U.S ...

Federal jurors convicted a New Jersey man on fraud and money laundering charges after his previous 24-year prison sentence over a Ponzi scheme was commuted by President Donald Trump in his first term.

A Ponzi scheme must keep signing up more and more investors to pay off earlier members, but sooner or later, getting large numbers of new investors becomes impossible. In Ponzi’s case, it failed ...

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 ...

Tom Girardi, estranged husband of 'Real Housewives of Beverly Hills' star Erika Jayne whose work inspired the film 'Erin Brockovich,' has been found guilty of fraud and embezzling.

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 ...