The former CEO of a Miami payday loan company will spend years behind bars for orchestrating a massive fraud scheme.

The Department of Justice (DOJ) charged Wear with one count of securities fraud and one count of wire fraud, each of which ...

CFTC wins $228M judgment against pastor Eddy Alexandre, who ran a crypto Ponzi scheme promising 5-10% weekly returns.

A US judge has ordered EminiFX founder Eddy Alexandre to repay $228 million after the platform was ruled a Ponzi scheme that ...

Total losses by Marshall’s investors fall short of the multibillion-dollar Ponzi scheme masterminded by Bernie Madoff. But ...

An Everett man is now under federal indictment for an alleged Ponzi scheme that was described by an investor as “the largest ...

Trump nominated E.J. Antoni two weeks after firing Erika McEntarfer, accusing her of rigging job report numbers to make him ...

On Aug. 7, Robert Diamond was led away in handcuffs in front of many of those same friends to begin serving a six-month jail ...

Thomas Petters orchestrated a $3.7 billion Ponzi scheme using empty warehouses and fake purchase orders to dupe sophisticated ...

Of the 50 witnesses named by the state, only 15 deposed during the hearings, and as a result the charges could not be proved ...

A Ponzi scheme often conducts no actual business while the orchestrator pockets a cut of the money. The term originated with Charles Ponzi, who orchestrated the first of this type of scam in 1920.