Ponzi Scheme News

An Indian-origin father and son's hotel empire in the US has been accused of engaging in a $100 million loan fraud and a Ponzi-like scheme.

The Maharashtra government has attached 10 flats belonging to a business group promoter in connection with a Ponzi scheme.

NFL legend Emmitt Smith is facing a lawsuit accusing him of scamming a company out of millions of dollars in what is described as a 'Ponzi scheme'.

Three fraudsters, including Matthew Pickard from Bournemouth, have been jailed for their roles in a £70 million tree-planting Ponzi scheme that conned pensioner

Shane Maguire has provided evidence during public examinations concerning the collapse of the law firm he shared with John Adams, where he discovered Adams was

Fraudsters who conned over 3,000 investors out of £70 million through an eco-Ponzi scheme, spending the money on supercars and property, are now facing jail tim

The RCMP has charged Craig Michael Thompson, 49, for allegedly operating a $164 million Ponzi scheme through his company, Black Box Management. Over 1,000 inves

A key accused in a Rs 177 crore money laundering case linked to the Torres Jewellers ponzi scheme has been arrested in Dubai, as informed by the ED to a Mumbai

Four individuals have been arrested in Mumbai in connection with a ₹30 crore Ponzi and multi-level marketing scheme. Police stated that the company accepted ill

The Mumbai EOW has busted a Rs 30-crore ponzi scheme and arrested four individuals after a month-long undercover operation.

Shivanand Neelannavar has been taken into ED custody in connection with an alleged Ponzi scheme.

A major Hollywood producer, Jason Cloth, has been arrested for allegedly orchestrating a $100 million Ponzi scheme. He is accused of defrauding investors by mak

A Hollywood producer has been arrested in connection with an alleged $100 million Ponzi scheme, two years after facing another fraud accusation.

An Ayurveda doctor previously on bail for a Gurugram cyber scam has been re-arrested in connection with a Rs 30-crore ponzi scheme.

Two individuals have been arrested in Belagavi for operating a ponzi scheme that allegedly defrauded customers of ₹25 crore.