#ponzi-scheme

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#fraud
fromAP News
2 weeks ago
US politics

British man extradited to US to face federal charges in alleged $99 million wine scam

US politics
fromFortune
2 weeks ago

SEC says prominent Georgia Republican bank boss defrauded 300 investors in $140 million Ponzi scheme

Brant Frost IV ran a Ponzi scheme defrauding 300 investors of $140 million, using funds for personal luxuries and political donations.
US politics
fromFortune
2 weeks ago

Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards

Edwin Brant Frost IV allegedly ran a $140 million Ponzi scheme targeting conservative investors through right-wing media. First Liberty is now shut down.
fromAP News
2 weeks ago
US politics

British man extradited to US to face federal charges in alleged $99 million wine scam

fromFortune
2 weeks ago
US politics

SEC says prominent Georgia Republican bank boss defrauded 300 investors in $140 million Ponzi scheme

fromFortune
2 weeks ago
US politics

Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards

more#fraud
#investment-fraud
more#investment-fraud
Fundraising
fromPsychology Today
1 month ago

Why Smart People Fall for Fraudulent Schemes

Scams exploit emotions, not intelligence; anyone can fall for a Ponzi scheme.
Victims endure trauma and shame, with recovery being as crucial as financial restoration.
To avoid scams, stay alert and verify claims before trusting promises.
fromwww.aljazeera.com
1 month ago

I invested in a Ponzi scheme': Nigerians fall victim to crypto scams

Financial illiteracy and lax regulations in Nigeria contribute to people falling victim to crypto scams.
SF parents
fromsfist.com
2 months ago

Day Around the Bay: Federal Court Says Trump's Tariffs Aren't Legal

Kenneth Mattson is released on $4 million bail amid opposition from victims of his Ponzi scheme.
Immigration advocates rally against ICE arrests of legal asylum seekers.
A federal court rules Trump's tariffs were unlawful under the invoked economic emergency law.
Elon Musk leaves White House advisory role expressing concerns over fiscal issues.
fromsfist.com
2 months ago

Wine Country Developer Arrested by Feds, Charged With Fraud and Money Laundering

Kenneth Mattson arrested for allegedly defrauding investors of $46 million in a Ponzi scheme involving fake real estate investments.
Boston Bruins
fromEntrepreneur
3 months ago

Kevin Bacon: Being a Bernie Madoff Ponzi Victim 'Sucked' | Entrepreneur

Victims of Bernie Madoff's Ponzi scheme, Kevin Bacon and his wife reflect on their financial loss and lessons learned.
Boston Red Sox
fromBusiness Insider
3 months ago

Kevin Bacon says it 'sucked' to lose money in Bernie Madoff's Ponzi scheme

Kevin Bacon reflects on resilience despite losing money in Bernie Madoff's Ponzi scheme.
Bacon and his wife felt anger but chose to focus on moving forward.
#social-security
fromPoynter
4 months ago
Social justice

Is Social Security a Ponzi scheme? The facts behind Elon Musk's claim - Poynter

Musk controversially labeled Social Security a Ponzi scheme, sparking debate over its accuracy and implications for future funding.
fromwww.theguardian.com
4 months ago
US politics

Musk calls social security a Ponzi scheme'. The real con is what Trump's peddling

Elon Musk's comparison of social security to a Ponzi scheme is misleading; social security is an essential element of the American social safety net.
Social justice
fromPoynter
4 months ago

Is Social Security a Ponzi scheme? The facts behind Elon Musk's claim - Poynter

Musk controversially labeled Social Security a Ponzi scheme, sparking debate over its accuracy and implications for future funding.
US politics
fromwww.theguardian.com
4 months ago

Musk calls social security a Ponzi scheme'. The real con is what Trump's peddling

Elon Musk's comparison of social security to a Ponzi scheme is misleading; social security is an essential element of the American social safety net.
more#social-security
London
fromwww.theguardian.com
8 months ago

Investment firm London Capital & Finance was Ponzi scheme, court rules

LCF operated as a Ponzi scheme, misleading investors and causing significant financial losses, as ruled by a London judge.
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