Tag: Ponzi

Regulation August 20, 2024

Corporate Raider Icahn Fined $2M for Disclosure Failure

The investor agreed to fines for not reporting he had borrowed against his stake in an investment firm he controls.

Regulation March 28, 2022

The owners of EmpowerCoin, ECoinPlus and Jet-Coin face charges of wire fraud, money laundering and obstruction of justice, among others.

Risk June 21, 2021

Marc Lawrence allegedly siphoned employee-investor funds to pay for personal expenses.

February 24, 2021

Derek Jones has been charged with wire fraud and identity theft in an allegedly multimillion dollar scam.

February 4, 2021

International Investment Group’s David Hu faces a maximum sentence of 45 years in prison.

Risk January 15, 2021

David Wagner solicited nearly $10 million and used investor funds to buy a Porsche and pay earlier investors.

Regulation January 5, 2021

Gregory Altieri, who pleaded guilty to running $200 million Ponzi scheme, faces up to 20 years in prison.

Alternatives October 23, 2020

Marc Lawrence faces maximum of 60 years in prison for his role in Ponzi-like scheme.

Risk July 29, 2020

Gina Champion-Cain pleads guilty to the largest Ponzi scheme ever uncovered in Southern District of California.

Regulation February 10, 2020

The alleged victims included former MLB players, their families, and senior citizens.

Regulation February 4, 2020

Philip Riehl allegedly scammed fellow Mennonites and Amish for nearly a decade.

Regulation January 24, 2020

Alleged fraudsters used ill-gotten gains to buy luxury cars and a yacht.