BitConnect Charged With $2B Crypto Fraud
The crypto exchange platform allegedly misrepresented to investors that it would deploy their funds to trade bitcoin using a proprietary bot.
Steering Clear of Ponzi Schemes
Recent examples show Ponzi schemes are still very prevalent and leave significant investor losses and hardships in their wake.
Solar Firm Owners Charged With ‘Massive’ Fraud
The owners of DC Solar raised nearly $910 million by selling investors solar generators that did not exist, the SEC said.
Bitcoin Trader Accused of $600K Ponzi Scam
Nicholas Gelfman allegedly solicited investors with false claims that he would generate a 7% to 9% monthly return from a fund for trading Bitcoin.
‘Bar Works’ Founder Charged with Fraud
As of Friday, Renwick Haddow, who also founded a scam bitcoin platform, was on the run and considered a fugitive.
TelexFree Founder Pleads Guilty to Massive Scam
James Merrill admits to participating in a Ponzi scheme that promised annual returns of 200% or more to "promoters" of TelexFree's internet phone service.
Ex-College Football Star Accused of $6M Fraud
Merrill Robertson and his partner in an investment firm allegedly stole from investors to finance their "luxurious" lifestyles.
‘Boutique’ Firm Accused of $10M Ponzi Scheme
The SEC says JSG Capital targeted retail investors, promising high-return investment opportunities “previously only available to the one-percenters.”
U.S. Man Accused of Jamaican Bridge Loan Scam
The former chairman of a Jamaican call center company allegedly operated a Ponzi scheme that raised $10 million from at least 21 investors.
Investment Group Accused of ‘Ponzi-Like’ Fraud
Aequitas Management's ex-CFO and other top executives allegedly raised $350 million from investors while concealing the group's dire financial problems.
Chinese P2P Lender Accused of $7B Ponzi Scheme
The Ezubao online lending platform allegedly bilked nearly one million investors, raising concerns over confidence in the security of such investments.