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Search Results: ponzi scam
Results 210-220 of about 443
Date: December 29, 2015
Securities Fraud News: Barclays to Pay $13.5M For Unsuitable Fraud Transactions, Appeals Court Upholds Asset Freeze of Wyly Brothers’ Relatives, Ex-NBA Player to Get Sentence for Ponzi Scam Conviction
Date: December 12, 2015
United Development Funding IV Shares Fall After Allegations of Texas Ponzi Scheme United Development Funding IV (“UDF IV”), a Texas-based real estate investment trust (“REIT”), saw its share price drop after Harvest Exchange published a post that said the REIT ...
Date: November 23, 2015
This money was supposed to be a 20% return on the fake investments or loans when, in truth, the funds were, in Ponzi scam-like fashion, coming from the money given to him by other investors. Continue Reading ›
Date: November 18, 2015
A federal bankruptcy court has approved plans to issue $1.18B to investors who lost money in Bernard Madoff’s multibillion-dollar Ponzi scam . This means that immediate distribution of the funds can take place to those whose claims for repayment have ...
Date: October 31, 2015
The SEC has been taking a closer look at custody since the Bernard Madoff Ponzi scam that bilked investors billions of dollars. Madoff was in control of most of his clients’ money.
Date: October 28, 2015
Michael Szafranski, the financial adviser of Ponzi mastermind Scott Rothstein, has been sentenced to two-and-a-half years in prison for wire fraud.
Date: October 22, 2015
Cash Flow Financial Embroiled in Commodity Pool Ponzi Scam The U.S. Commodity Futures Trading Commission said that Cash Flow Financial LLC, Alan James Watson, and Michael S. Potts will pay over $91.9 million for their involvement in a commodity pool ...
Date: October 7, 2015
Wells and his Promitor Capital Management LLC with bilking investors in a $1.1 million Ponzi scam . According to the regulator, Wells falsely misrepresented himself as a registered investment adviser to some investors.
Date: September 18, 2015
Five ex-Aurelia Finance wealth managers have paid “substantial compensation” to resolve criminal complaints related to the Bernard Madoff Ponzi scam . According to prosecutors, the Swiss-based private bank lost up to $800 million of client money that they put into ...
Date: September 5, 2015
Prosecutors say that Zada was involved in a $50 million Ponzi scam that went on for a decade. Zada’s other victims included an ex-Olympic equestrian champion, a pawnbroker, a jeweler, a veterinarian, several hockey players, and dozens of others.
