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Search Results: ponzi scam
Results 160-170 of about 445
Date: May 27, 2017
Prosecutors have indicted a California man over his alleged involvement in an investment scam that bilked an ex-NFL player of $4.5M. Kenneth Ray Cleveland faces multiple counts of money laundering and wire fraud.
Date: May 26, 2017
SEC Charges Man Accused of Running $10M Ponzi Scam Mark Anderson Jones, whom the US Securities and Exchange Commission has charged with fraud, has been sentenced to 70 months in prison in a parallel criminal case. Jones pleaded guilty to ...
Date: May 25, 2017
Murakami, who managed MC2 Capital Management LLC, is accused of misappropriating investors’ funds in a Ponzi-like scam. The arrest and criminal charges come a few months after the state’s regulator, Secretary of the Commonwealth William Galvin, filed his own administrative ...
Date: May 24, 2017
Eight years after Bernard Madoff was sentenced to 150 years in prison for defrauding investors in a $65 billion Ponzi scam, thousands of his victims have still not seen any of the money that they lost.
Date: May 16, 2017
A district court judge has sentenced Navin Shankar Subramaniam Xavier, formerly the CEO of Essex Holdings Inc., to 15 years behind bars because of his involvement in two fraud scams. Xavier pleaded guilty to two wire fraud counts in January.
Date: May 8, 2017
Financial Firm and Its CEO Settle Life Settlement Fraud Charges The US Securities and Exchange Commission announced that Verto Capital Management and its CEO William Schantz III have settled civil charges accusing them of running a Ponzi-like scam involving life ...
Date: April 30, 2017
Grand Jury Indicts Texas Woman in $1M Ponzi Scam A federal grand jury has indicted Nemelee Liwanag Jiao on two wire fraud counts for allegedly running a Texas Ponzi scam that cost investors over $1M. At least 35 investors were ...
Date: April 13, 2017
Business partners Janniece Kaelin and Robert Allen Helms have pleaded guilty to bilking investors of up to $20M in a Texas-based Ponzi scam . The oil and gas financiers used the funds raised for energy ventures to cover their own ...
Date: March 30, 2017
Judge Orders Deutsche Bank Subsidiary to Pay $150Mfor Libor Rigging A federal judge is ordering Deutsche Bank Group Services, a subsidiary of Deutsche Bank (DB), to pay $150M for its involvement in an interest rate manipulation scam. The London unit ...
Date: March 20, 2017
ClearPath Wealth Management owner and president Patrick Churchville has been sentenced to seven years in prison for bilking investors in a $21M Ponzi scam . He also must pay restitution and perform 2,000 hours of community service.
