Ponzi schemes pay out early investors with money from later investors. They differ from pyramid schemes in that Ponzi schemes are presented as investments with large returns, rather than business ...

Shark Tank's Mark Cuban openly admitted to operating a Ponzi-style chain letter system during his college years in the 1980s ...

Both Ponzi and pyramid schemes have been reinvented over the years, but at the core of each is essentially the same devious deceit-paying new investors with money from old investors.

There has not been much news regarding SEC[1] enforcement lately, but today the SEC and DOJ[2] both charged a founder of a Washington-based water vending machine manufacturer Water Station Management, ...

Two men — Ryan Wear, of Everett, Washington, and Jordan Chirico, of Carmel, Indiana — have been indicted in New York on federal criminal charges related to two Ponzi-like schemes involving water ...

A California real estate mogul has been arrested and is facing multiple federal charges for allegedly running a 15-year Ponzi scheme that defrauded hundreds of investors out of nearly $30 million.

A Randolph couple pleaded guilty in federal court to running a multi-million-dollar Ponzi scheme that defrauded dozens of victims, some of whom had invested their life savings in the scam, according ...

An Everett man is now under federal indictment for an alleged Ponzi scheme that was described by an investor as “the largest franchise fraud case in the history of the United States,” according to a ...

After a months-long investigation, authorities have arrested a Hemet woman of suspicion of extracting nearly $200,000 in a “Ponzi scheme” involving her wholesale avocado business. In late April, ...

Matthew Piercey will be sentenced in September for his role running a Ponzi scheme Lesley Cosme Torres is a writer at PEOPLE covering crime. She has been working at PEOPLE since 2025. Her work has ...

The charges were in connection with a $20 million Ponzi scheme. He was sentenced to 235 months’ (19 years and seven months) imprisonment followed by three years of supervised release. According to ...