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Efrain Betancourt Jr. ran a payday loan business in Miami that prosecutors say operated like a “Ponzi scheme.” ...

SACRAMENTO — A Northern California man who tried to evade FBI agents with an underwater scooter pleaded guilty to a $35 million Ponzi scheme ... into a personal bank account.

Federal prosecutors announced Thursday that a man from Palo Cedro pleaded guilty ... While operating a Ponzi-like scheme, prosecutors said Piercey used new investor money to pay returns to earlier ...

Federal authorities are accusing the owner of a Providence-based investment company in what they claim “has many hallmarks of a Ponzi scheme ... Anchor State’s bank accounts to buy a ...

The scheme involved using new investor money to pay off earlier investors, a classic Ponzi approach. Piercey only returned $ ... He also transferred $775,000 into his own bank account while under ...

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 ...

Vinod Kumar from Rajasthan was apprehended for running a Ponzi scheme called ‘Dollar Win Exchange ... He collaborated with a man named ‘Prince' to build a website promoting fake investment ...