Tag: Ponzi Scheme

Nicholas Salzano agreed to a prison term of eight to 12 years for securities fraud, conspiracy to commit wire fraud and conspiracy to defraud the U.S.

The regulator alleges the now-defunct HyperFund was a ‘pyramid and a Ponzi scheme.’

Justice Department says total recovery from Ponzi scheme has now covered more than 88% of losses.

Andrew Middlebrooks allegedly embezzled money from investors to pay for jewelry, credit card bills and his wife’s business.

Todd Lahr took more than $2.7 million from his own law clients for purported Papua New Guinea mining operations and used it for personal expenses. 

James Booth convinced an elderly widow to invest her late husband’s pension and another investor to hand over his child’s college funds.

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