‘I invested in a Ponzi scheme’: Nigerians fall victim to crypto scams. Experts say financial illiteracy, lax regulations, greed and economic hardship make people susceptible to scam companies.

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.

Some suspected Cotten had run a Ponzi scheme for years and used his death as the ultimate escape plan. The rumors have not been confirmed, but the official story remains that he died a tragic ...

$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 ...

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 ...

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 to wire fraud, money ...

In May 2023, for instance, a FINRA arbitration panel ordered Oppenheimer to pay nearly $14 million in compensatory and punitive damages to five victims of Woods' Ponzi scheme.

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 ...

The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them. BTC $103,777.49-0.16 % ETH $2,632.30-2.45 % USDT $1.0001 + 0.01 % XRP ...