House witness Dan Turner defends his characterization of Social Security as a 'Ponzi scheme' after a challenge by Rep. Robert Garcia during an oversight hearing.

(KRON) — A Sonoma man was arrested Thursday and accused of running a multi-million dollar Ponzi scheme that stripped some investors of their life savings. Kenneth W. Mattson, 63, was indicted by ...

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 California man who marketed himself as an investment advisor has pleaded guilty to 27 counts of wire fraud, money laundering, and witness tampering related to a Ponzi scheme that cost investors ...

Lancaster businessman Daryl Heller was operating a Ponzi scheme, defrauded some of his closest business partners and should not be allowed to walk away from his debts, according to several ...

Piercey’s arrest in the scheme made headlines after he tried to flee the FBI on a “sea scooter,” plowing into California’s Lake Shasta on a cold November day on a Yamaha 350Li submersible ...

$91M Ponzi scheme run by Dallas-Fort Worth residents scammed investors, SEC says By Amy McDaniel. May 8, 2025 4:12 PM. The U.S. Securities and Exchange Commission seal hangs on the facade of its ...

3 North Texans accused of defrauding more than 200 investors in $91M Ponzi scheme The three are accused of misappropriating millions of investor funds for personal use, including the purchase of a ...

Explore Marietta man accused of $110 million Ponzi scheme. The appeals court said the plaintiffs, who invested from 2017 onward, failed to show their losses were a direct result of any Oppenheimer ...

CCG Capital Group, an Austin-based real estate lender, is accused of operating a Ponzi scheme. The accusation comes from a forensic report by Greg Milligan of Harney Partners, the court-appointed ...

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.

Elon Musk has been on a mission to reduce government waste through the Department of Government Efficiency (DOGE). As of April 18, the agency estimates that it has saved $155 billion in total. And ...