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Search Results: ponzi scam
Results 140-150 of about 441
Date: November 28, 2017
DOJ Begins Distributing Payments to Bernie Madoff’s Victims Nearly nine years after Bernie Madoff was arrested for running a multi-billion dollar Ponzi scam , the US Department Justice has begun to pay out distributions owed to his victims. The money ...
Date: November 25, 2017
Regulator Orders Alleged Ponzi Scammers to Pay $15.7M Plus Interest In its final judgement against ex-pro football player William D.
Date: October 6, 2017
The US Securities and Exchange Commission has filed civil charges against Michael Scronic, a New York-based investment adviser accused of defrauding retail investors in a $19M Ponzi scam .
Date: September 27, 2017
Callahan, a former investment fund manager, has been ordered to serve 12 years in prison and three years of supervised release for his role in a $96M Ponzi scam . He also must pay $67.6M in restitution. Callahan pleaded guilty ...
Date: September 18, 2017
In US district court in Oregon, siblings Gary Holcomb and Michael Holcomb pleaded guilty to money laundering and felony conspiracy in a $40M Ponzi fraud that bilked approximately 40 investors. The brothers were formerly executives at financing company Berjac. The ...
Date: September 8, 2017
Picard announced that a settlement has been reached for $687M with Thema International Fund for its ties to the multibillion-dollar Madoff Ponzi Scam . Now, a court must approve the agreement.
Date: September 6, 2017
Rather than invest clients’ funds in different securities as promised, Newsholme allegedly went to a check-cashing store to cash their checks and then kept their money for himself to cover his own expenses and gambling activities, as well as make ...
Date: August 25, 2017
Durham bilked over 5,000 investors in his Ponzi Scam involving his company Fair Finance. He is serving 50 years behind bars. The Commission had wanted the judge to order Durham to pay back over $200M in ill-gotten gains. Instead, Judge ...
Date: August 9, 2017
According to a new study recently published in The Review of Financial Studies , the Bernie Madoff Ponzi Scam not only bilked over 10,000 investors of billions of dollars, but it also caused many in the investing public to stop ...
Date: August 2, 2017
Prosecutors in Massachusetts have filed charges against hedge fund manager Raymond Montoya for allegedly bilking investors of millions of dollars in a Ponzi-like scam . The criminal charges against him include wire fraud and mail fraud, and they come two ...
