ponzi-scheme
5 stories related to this topic, newest first.
nypost.comFlorida Man Receives 15-Year Sentence for Ponzi Scheme That Defrauded Investors of $20 Million
Dakota A. Smith, 35, was sentenced in federal court in Memphis on May 14, 2026, to more than 15 years in prison after pleading guilty to conspiracy to commit wire fraud through Peoples Equity Group. The sentence concludes a case in which losses to investors exceeded $20 million a…
hackread.comUkrainian National Extradited From Thailand on $340 Million Forsage Crypto Fraud Charges
Anastasiia Ieriomina arrived in Oregon last Friday to face federal conspiracy charges for her alleged role in the Forsage smart-contract Ponzi and pyramid scheme. The extradition advances the Justice Department's prosecution of a case that drew in more than 1.1 million investors…
insidermonkey.comNew Jersey couple indicted in Cleveland-area real estate Ponzi scheme
A federal grand jury in the Northern District of Ohio indicted Michael and Christina Lignelli of New Jersey on charges they raised investor funds for real estate development projects and used money from new victims to pay earlier ones. The indictment triggers a formal criminal pr…
eonline.comKaty man receives prison term for $17 million Ponzi scheme
A federal judge sentenced a 40-year-old Katy resident to prison after he defrauded dozens of victims out of more than $17 million through a Ponzi scheme. The conviction removes the perpetrator from operation and initiates mandatory restitution proceedings for affected investors.
dnaindia.comPrecious Metals Ponzi Operator Sentenced to 50 Months in Prison
Warith Deen Muhammad received a sentence of four years and two months for wire fraud and violating the Travel Act in an Alexandria-based precious metals investment scheme. The conviction triggers full asset forfeiture proceedings and closes a multi-year federal investigation into…