He added that new evidence enabled authorities to identify even more suspects allegedly involved in the Ponzi scheme. Previously, Razarudin had said the crackdown on MBI-related activities ...

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 ...

He said: “You can identify a Ponzi scheme when an entity makes offers that appear certainly untrue and are bogus. “The definition we have in the ISA (Investments and Securities Act ...

A disbarred attorney was sentenced to 30 months in prison by a federal judge in New Jersey this week after pleading guilty to a "Ponzi-like wire fraud scheme" that defrauded investors of more than ...

Over 12 years ago, a Texas financier by the name of Robert Allen Stanford was convicted of fraud, where he operated a near $8 billion Ponzi scheme, scamming people, specifically professional ...

One problem: The two men are to be sentenced in federal court for running a $577 million cryptocurrency Ponzi scheme. The court had ordered the men to stay on parole in King County until ...

Ponzi schemes like CBEX have repeatedly exploited gaps in financial literacy and regulatory enforcement, inflicting deep wounds on the nation’s economy and eroding public trust. By promising ...

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 ...