DAYTON, Ohio (WDTN) — Search warrants were executed on a local business Thursday, as part of an investigation into an alleged Ponzi scheme. Ohio BCI executed search warrants on Essex and ...

Definition: A ponzi scheme is an investment plan in which the operator or the operating company pays returns to investors from the new capital coming in from new investors instead off the profits of ...

data center company Datapod, and the Mexican Lottery on a project. Yet, these glamorous projects never existed; the funds were reportedly funneled back into the Ponzi scheme. Madden faces four ...

A man accused of orchestrating a Ponzi scheme to ... laundering connected to a scheme that dated back to 2017, according to the U.S. Department of Justice. Using the company Strategic Innovations ...

COLUMBIA, S.C. (WSPA) – An Upstate man has pleaded guilty to operating a multimillion-dollar Ponzi scheme and to stalking social media content creators. 41-year-old Michael J. French of ...

An Anderson County, South Carolina, man could be headed to prison for operating a multimillion dollar Ponzi scheme and stalking two social media content creators.Michael J. French, 41, of ...

Stanford is serving a 110-year prison sentence after being convicted in 2012 of defrauding investors in a $7.6 billion ponzi scheme, according to a Reuters report. Authorities said Stanford ...

PENDLETON, S.C. (FOX Carolina) - An Upstate man has admitted to running a multi-million-dollar Ponzi scheme and stalking women. Michael J. French of Pendleton owned MJF Holdings, LLC and MJF ...

A new bill has come due for R. Allen Stanford, architect of a $7 billion Ponzi scheme, who is already well into serving what is effectively a life sentence for his crimes.

In the Torres fraud case, one of the accused persons has claimed that she worked only as a language interpreter on a few occasions for the company and was arrested when she went to help her friend ...

Los Angeles prosecutors accuse him of swindling dozens of customers out of at least $5.6 million through what they have described as a Ponzi scheme for luxury watches. “This defendant stole millions ...

A West Virginia pharmacist was sentenced to life in prison for poisoning her husband with insulin when he threatened to uncover her $2 million Ponzi scheme — which she spent on lavish purchases ...