Investment adviser facing jail over Ponzi scheme swindling clients including Catholic priests group out of $94M - Andrew Hamilton Jacobus faces up to 20 years in federal prison on each count ...

Thousands of clients trusted Todd Burkhalter to invest their money in high-yielding real estate loans. In reality, Burkhalter was running a massive Ponzi scheme while splurging on motorcoaches and ...

From the earliest days of commerce to the modern digital economy, the promise of quick wealth has remained one of humanity’s most enduring temptations. Long before the rise of the internet and ...

As readers of this Blog know, affinity fraud and Ponzi schemes often intersect because each reinforces the weaknesses of the other, creating a powerful and deceptive form of financial exploitation.[1] ...

The FBI has identified at least 213 victims of William Apostelos’ alleged Ponzi scheme. About a dozen of those people already have won non-contested judgments from common pleas courts in Warren and ...

JPMorgan Chase has been sued by investors in Goliath Ventures, with a proposed class action lawsuit alleging the bank ignored “red flags” that the allegedly fraudulent crypto pool raised and helped ...

Federal agents allege Goliath Ventures was a Ponzi scheme that defrauded investors in Central Florida and elsewhere of $328 million. Federal prosecutors are seeking to seize assets of a man accused of ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. Todd Burkhalter, the CEO of the Georgia-based financial advisory group Drive ...

Former U.K. Prime Minister Boris Johnson has called bitcoin BTC $81,268.58 a “giant Ponzi scheme,” prompting a swift rebuttal from Strategy chairman Michael Saylor and other netizens. According to ...

Victims of a Ponzi scheme this week alleged JPMorganChase enabled the $328 million cryptocurrency fraud by ignoring glaring red flags of fraud. The proposed class action lawsuit, Steele v. JPMorgan ...