Tagged with "Ponzi Scheme"

Financial Advisor to Stars Pleads Guilty to Perpetrating Multiple Ponzi Schemes

Posted on May 22nd, 2015 at 11:29 AM
Financial Advisor to Stars Pleads Guilty to Perpetrating Multiple Ponzi Schemes

A self-described entertainment entrepeneur and globe-trotting businessman pleaded guilting in California to four counts of wire fraud and two counts of money laundering.

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Idaho Broker Pleads Guilty to Investment Fraud

Posted on April 23rd, 2015 at 11:44 AM
Idaho Broker Pleads Guilty to Investment Fraud

An Idaho broker pleaded guilty to wire fraud and to engaging in monetary transactions in property from illegal activity.

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Former N.Y. Giants Player Charged With Ponzi Scheme

Posted on April 14th, 2015 at 2:37 PM

A former NFL cornerback has been charged with operating a Ponzi scheme that purported to loan money to professional athletes.

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Illinois Man Arrested for $105 Million Ponzi Scheme

Posted on March 5th, 2015 at 2:13 PM
Illinois Man Arrested for $105 Million Ponzi Scheme

An Illinois resident pleaded guilty for perpetrating a $105 million Ponzi scheme, bilking about 280 investors including his brother-in-law. 

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Pruco Securities Broker Engaged in Outside Business Activities

Posted on February 20th, 2015 at 10:40 AM
Pruco Securities Broker Engaged in Outside Business Activities

According to FINRA reports, Terry J. Bagwell, a broker with Pruco Securities, is being subject to multiple customer complaints and arbitrations as a result of allegedly being engaged in the sale of unregistered securities, which may have been a Ponzi scheme.

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Massachusetts –Based Fund Manager Accused of $16 Million Ponzi Scheme

Posted on February 6th, 2015 at 11:58 AM
Massachusetts –Based Fund Manager Accused of $16 Million Ponzi Scheme

A Massachusetts-based fund manager, and his registered investment advisory firm GL Capital, allegedly misappropriated at least $16 million from a closed-end interval fund that they managed, known as the GL Beyond Income Fund.

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Former Texas Financial Planner Facing Charges in $8 million Ponzi Scheme

Posted on January 27th, 2015 at 3:35 PM
Former Texas Financial Planner Facing Charges in $8 million Ponzi Scheme

A former financial adviser from Texas was charged with stealing at least $8 million from his clients in a Ponzi-type investment scheme during the past decade. 

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California Man Is Charged in a $5.5 Million Hedge Fund Ponzi Scheme

Posted on January 26th, 2015 at 10:30 AM
California Man Is Charged in a $5.5 Million Hedge Fund Ponzi Scheme

Geoffrey Nehrenz, an investment adviser, was charged with defrauding 19 investors out of $5.5 million in a Ponzi scheme involving a hedge fund.

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Investors in Diversified Lending Group Still Retain Right to Recover Their Losses

Posted on January 23rd, 2015 at 11:36 AM
Investors in Diversified Lending Group Still Retain Right to Recover Their Losses

A class action certification bid on behalf of 212 investors who were the victims of an alleged Ponzi scheme recently was rejected by a California Superior Court.

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Wheat Ridge, Colorado Man Pleads Guilty to Orchestrating a $4.8 Million Ponzi Scheme

Posted on January 20th, 2015 at 2:54 PM

Perry Sawano pled guilty to swindling investors in a $4.8 million Ponzi scheme between 2007 and 2013. 

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