His fraud was a variation of a Ponzi scheme in which his fictitious Bahamas-based investment company, Vavasseur Corp., promised a 70 percent return on investments. Dowdell and others involved in ...

In this piece, OLUWAKEMI ABIMBOLA explores Ponzi schemes that promise wealth but ... to launch an investigation into the alleged N1.3 tn fraud, with the anti-graft agency’s spokesman, Dele ...

Tyler Bossetti, 31, is charged in U.S. District Court in Columbus, Ohio, with wire fraud and aiding in the filing of a false or fraudulent document. Bossetti encouraged investors to give him money ...

No. 1: Social Security is not fraudulent. A Ponzi scheme “is a fraud intended to mislead investors,” said Christina C. Benson, an Elon University associate professor of business law.

About an hour south of Dallas, among the gas wells and pump jacks that dot the Texas prairie, there was a business venture ...

Federal jurors convicted a New Jersey man on fraud and money laundering charges after his previous 24-year prison sentence over a Ponzi scheme was commuted by President Donald Trump in his first term.