Financial history is filled with examples of fortunes disappearing overnight. While recessions and bad investments often explain such collapses, cases of billionaires ruined by Ponzi schemes and ...

Investment adviser facing jail over Ponzi scheme swindling clients including Catholic priests group out of $94M - Andrew Hamilton Jacobus faces up to 20 years in federal prison on each count ...

BUFFALO, N.Y. — Erie County Supreme Court Justice Emilio Colaiacovo granted a preliminary injunction Friday morning, freezing several bank accounts for Woodhill Capital and preventing the altering of ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Stakeholders in an Austin-based ...

THE MAN ACCUSED OF LEADING A PONZI SCHEME IN ORLANDO WAS BACK IN FEDERAL COURT TODAY. INVESTIGATORS WANTED CHRISTOPHER DELGADO TO TURN OVER JEWELRY AND LUXURY CARS LIKE THE ROLLS ROYCE YOU SAW IN ...

Two men — Ryan Wear, of Everett, Washington, and Jordan Chirico, of Carmel, Indiana — have been indicted in New York on federal criminal charges related to two Ponzi-like schemes involving water ...

From the earliest days of commerce to the modern digital economy, the promise of quick wealth has remained one of humanity’s most enduring temptations. Long before the rise of the internet and ...

When a Ponzi scheme collapses, how does a bankruptcy trustee with limited resources and hundreds of innocent investors — some winners, some losers — address all the competing issues in an equitable ...

JPMorgan Chase has been sued by investors in Goliath Ventures, with a proposed class action lawsuit alleging the bank ignored “red flags” that the allegedly fraudulent crypto pool raised and helped ...

Ponzi schemes and affinity fraud frequently overlap because both exploit trust and social interactions to operate effectively. A Ponzi scheme relies on a continuous stream of new investors to pay ...

The FBI has identified at least 213 victims of William Apostelos’ alleged Ponzi scheme. About a dozen of those people already have won non-contested judgments from common pleas courts in Warren and ...

Tom Geyer is an attorney for Columbus-based Bailey Cavalieri, an adjunct professor at Ohio State University’s Moritz College of Law, an expert witness on securities law and past commissioner of the ...