January 2014: JPMorgan Paid Penalties to Resolve Criminal and Civil Charges JPMorgan consented to pay $2.05B in penalties and fines to resolve criminal and civil charges over its alleged role in the $65B Bernie Madoff Ponzi scam . The bank ...

After SunAmerica’s agent was indicted for perpetrating a “Ponzi” scheme, they agreed to pay $7 million. Part of the payment was through insurance, to resolve its liability in a long-running “church-fraud” case dubbed “Operation Island Scam” by federal investigators.

We are also continuing to investigate FSC Securities over possible investor losses involving GPB Capital Holdings , which is accused of operating an over $1.8B Ponzi scam.

Affinity fraud is a type of investment fraud which involves a scam that targets members of a specific group. That may include those who belong to a particular religious or ethnic community or individuals who share a particular affiliation.

What Is A Ponzi Scam? A Ponzi scam is a type of investment scheme in which the fraudster uses newer investors’ money to pay supposed income, dividends, redemptions, or returns to existing investors.

They are accusing him of running a more than $60M Ponzi scam that may have defrauded over 300 investors. Also purportedly involved in the alleged scam are Yield Capital Management and Yield Wealth Limited, which are both affiliated with Regan.

Alternative asset firm GWG Holdings, which filed for bankruptcy in 2022, is accused of running a more than $1.6B Ponzi scam. Continue Reading ›

Against Broker-Dealers Our L Bond Loss Recovery Can Help Those Who Have Legal Grounds File Their FINRA Lawsuits Shepherd Smith Edwards and Kantas GWG Loss Attorneys ( investorlawyers.com ) represent GWG Holdings investors whose broker-dealers unsuitably recommended and sold to ...

Promissory Notes Part of A Mass $100M Ponzi Scam?

GWG Holdings is accused of running a more than $1.6B Ponzi scam that cost thousands of L Bond investors serious losses. Continue Reading ›