Ponzi and pyramid schemes are both forms of financial fraud that share many characteristics. However, there are distinct differences in how they operate.

Russian organizers of financial pyramid schemes are now often pretending to be brokers offering victims to earn money on ...

A police mug shot of Italian-born American swindler Charles Ponzi (1882 - 1949) after his arrest for forgery under the name of Charles Bianchi, Montreal, Canada, 1909. Ponzi later served 14 years in ...

Nigeria's SEC seeks police support to intensify its clampdown on Ponzi schemes, crypto scams, and other investment fraud to ...

Given the name of the play, we know from the jump that Jack’s the Bernie Madoff of the piece. A Ponzi scheme is an investment ruse that pays dividends not from legit earnings but out of the ...

The enactment of the Investment and Securities Act (ISA) 2025 is not just an avenue to sanitise the financial sector but it may also be the beginning of sanity in the ever growing ponzi scheme circle ...

A New Jersey man convicted of defrauding investors of roughly a quarter-billion dollars is among a growing number of people granted clemency only to to be charged with new crimes. By Tracey Tully and ...

The ED had filed the main prosecution complaint on October 23, 2024, in which Parvesh Saroha, along with Sony Chyrmang and Khroborme Chyrmang, were named as accused for promoting the scheme in ...

SHERMAN, Texas — A North Texas couple was found guilty of running a multi-million-dollar Ponzi scheme during the pandemic in federal court, Department of Justice Officials said. The couple, LaShonda ...

Osaic is seeking to block arbitration claims filed by investors, who allege that the independent broker/dealer failed to oversee a registered representative who was charged by the SEC and a New York ...