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

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 ...

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.

Lagos, Nigeria — Mandela Fadahunsi, who works at a technical training school in Ikeja in Nigeria’s Lagos, never believed he could fall victim to a Ponzi scheme. On April 6, the 26-year-old was ...

FBI agent says Madoff came close to shredding most damning files. — -- Even before he admitted his Ponzi scheme to his family, Bernard Madoff had begun a plan to destroy the most damning evidence ...

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 ...

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, ...

WILMINGTON, N.C. (WITN/Gray News) - A former car dealer was sentenced to five years in prison for running a Ponzi scheme to keep his business open. Willard Sutton was sentenced in federal court in ...

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 ...