by admin | Sep 9, 2020 | Ponzi Scheme
By Anugrah Kumar of Christian Post U.S. authorities have charged three Maryland men, who presented themselves as pastors to defraud more than 1,000 church members and other investors in a $28 million Ponzi scheme. The three – identified as Dennis Mbongeni Jali, 35;...
by admin | Aug 21, 2020 | Ponzi Scheme
The Securities and Exchange Commission (SEC) recently filed a lawsuit against a Wyoming man, Dale Tenhulzen and his limited liability company “Live Wealthy Institute” alleging that Tenhulzen and Live Wealthy operated a real estate investment scam conning investors out...
by admin | Apr 9, 2020 | Ponzi Scheme
By Scott L. Starr Ponzi schemers rarely have the ability to carry out their nefarious conduct alone; instead, they need the assistance of brokers and banks to handle a variety of financial transactions. Under some circumstances, these banks and brokerage firms may...
by admin | Dec 30, 2019 | Ponzi Scheme
By Lauren Cross of NWItimes.com A Lowell, Indiana, man accused of bilking more than 25 people out of millions in a crooked investment scheme has entered a guilty plea in U.S. District Court, to avoid taking the case to trial, records show. Richard E. Gearhart, 69,...
by admin | Sep 30, 2019 | Ponzi Scheme
By James Leggate of FOXBusiness.com A man who authorities said took advantage of his Amish heritage to recruit novice investors into a fraudulent scheme has been ordered to pay $5.2 million, most of it to his clients. Indiana resident Earl Miller’s 72 investors lost...
by admin | Sep 16, 2019 | Ponzi Scheme
By Giles Bruce of The Northwest Indiana Times A surgeon with ties to Northwest Indiana received millions of dollars from a medical-device company accused by the federal government of paying off doctors to use its products, a recently filed federal whistleblower...
