MORE THAN 45 VICTIMS.. ONE OF THOSE VICTIMS HAVING LOST 50-THOUSAND DOLLARS.. SALINAS POLICE SAY THIS COMPANY "LIGHTNING SHARED SCOOTER COMPANY" IS A FRONT FOR A PONZI SCHEME OPERATING ACROSS THE ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest money and generate high returns with little ...

That wasn’t much of a jail break. A convicted New Jersey Ponzi schemer who was sprung from prison after a pardon from President Trump during his first term is headed back to the slammer for running ...

A real estate–focused social media influencer, or "finfluencer," who promised his followers huge profits and financial freedom has learned his fate after pleading guilty to tax and wire fraud. Tyler ...

The con artist synonymous for scams and swindles was once acclaimed for his financial brilliance before his bubble burst. Charles Ponzi of Boston was an Italian-born American who duped investors in ...

A Newnan man admitted in federal court Tuesday to orchestrating a $140 million Ponzi scheme that defrauded hundreds of investors over four years. Edwin Brant Frost IV used money from new investors to ...

The death of Ponzi king Bernie Madoff in federal prison at the age of 82 reignited pain around what New York City's mayor described Wednesday as a "very sad episode" in history. It also reignited ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. Todd Burkhalter, the CEO of the Georgia-based financial advisory group Drive ...

Charles Ponzi, pictured in Boston in July 1920 with a gold-handled cane and a diamond stickpin, lured investors by claiming he found a way to make huge profits buying international postal reply ...