#ponzi-scheme

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fromFortune
10 hours ago

Miles 'Burt' Marshall, 73-year-old upstate New Yorker, indicted for alleged $95 million Ponzi scheme

Miles "Burt" Marshall was widely trusted in upstate New York, promoting an "8% Fund" investment scheme that ultimately proved to be a Ponzi scheme, leading to his bankruptcy.
US news
#fraud
fromAP News
1 month ago
US politics

British man extradited to US to face federal charges in alleged $99 million wine scam

fromFortune
1 month ago
US politics

SEC says prominent Georgia Republican bank boss defrauded 300 investors in $140 million Ponzi scheme

fromFortune
1 month ago
US politics

Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards

fromAP News
1 month ago
US politics

British man extradited to US to face federal charges in alleged $99 million wine scam

fromFortune
1 month ago
US politics

SEC says prominent Georgia Republican bank boss defrauded 300 investors in $140 million Ponzi scheme

fromFortune
1 month ago
US politics

Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards

more#fraud
#investment-fraud
more#investment-fraud
Fundraising
fromPsychology Today
1 month ago

Why Smart People Fall for Fraudulent Schemes

Scams exploit emotions, not intelligence; anyone can fall for a Ponzi scheme.
Victims endure trauma and shame, with recovery being as crucial as financial restoration.
To avoid scams, stay alert and verify claims before trusting promises.
fromwww.aljazeera.com
2 months ago

I invested in a Ponzi scheme': Nigerians fall victim to crypto scams

Financial illiteracy and lax regulations in Nigeria contribute to people falling victim to crypto scams.
SF parents
fromsfist.com
2 months ago

Day Around the Bay: Federal Court Says Trump's Tariffs Aren't Legal

Kenneth Mattson is released on $4 million bail amid opposition from victims of his Ponzi scheme.
Immigration advocates rally against ICE arrests of legal asylum seekers.
A federal court rules Trump's tariffs were unlawful under the invoked economic emergency law.
Elon Musk leaves White House advisory role expressing concerns over fiscal issues.
Silicon Valley real estate
fromsfist.com
2 months ago

Wine Country Developer Arrested by Feds, Charged With Fraud and Money Laundering

Kenneth Mattson arrested for allegedly defrauding investors of $46 million in a Ponzi scheme involving fake real estate investments.
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