Ponzi scheme

Business News

DJ Envy Associate Arrested For 'Ponzi-Like' Scheme, Defrauding Investors Out of 'Millions'

Cesar Pina, a long-standing business associate of DJ Envy, was arrested for one count of wire fraud due to his alleged involvement in an investment fraud scheme worth millions of dollars.

Business News

'Cash Flow King' Podcast Host Slammed With Charges in $11 Million Ponzi Scheme

The SEC alleges that Matthew Motil "fraudulently targeted investors."

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Business News

Who Was Charles Ponzi? The Forgotten Story Behind the Scheme.

We've all heard of Ponzi schemes, but the man they're named after is a mystery to many. This week's Dirty Money takes a deep dive into his spectacular rise and fall.

Business News

The FBI's Most Wanted 'Crypto Queen' Scammed Investors Out of $4 Billion. Now, 5 Years Later, a London Apartment Listing May Have Blown Her Cover.

Ruja Ignatova vanished in 2017 after orchestrating a Ponzi Scheme to con investors into buying her OneCoin crypto token.

Business News

What Did Bernie Madoff Do? Everything to Know About the Disgraced Financier Ahead of Netflix's 'Madoff: The Monster of Wall'

Bernie Madoff died in prison while serving a 150 sentence for his crimes.

Business News

Kevin Bacon Admits He Lost 'Most' of His Net Worth to Bernie Madoff's 'Too Good to Be True' Ponzi Scheme

The actor detailed his foot-loss during an episode of the "SmartLess" podcast.

Money & Finance

Are You About to Be the Victim of a Ponzi Scheme?

Watch for these warning signs of a Ponzi scheme in progress.

Business News

Bernie Madoff, Wall Street Financier and Ponzi Scheme Organizer, Has Died at Age 82

Madoff carried out the biggest pyramid scheme in US history before going to prison in 2009.

Finance

Sharadha Chit Fund: All You Need to Know

India has become a hotbed of financial scams, ruining the lives of many