Ponzi Scheme
Investment | 16 Sep 16
UK fraudster promising 80% returns struck off over £13m scam
A UK company director has been disqualified by the high court for cheating investors out of at least £13.3m ($17.5m, €15.6m) via a number of scams which claimed to invest in renewable energy.
North America | 11 Aug 16
SEC charges former pro US footballer over $10m Ponzi scheme
A former professional American football player has been charged by the US Securities and Exchange Commission for running a $10m (£7.7m, €9m) investment fraud that promised returns as high as 20%.
North America | 22 Jun 16
US SEC acts against adviser defrauding pro athletes
The US Securities and Exchange Commission said it has obtained a court order freezing the assets of an investment adviser charged with secretly siphoning millions of dollars from professional sports stars in an alleged Ponzi scheme.
Investment | 25 May 16
Three sentenced to 20 years over £80m UK Ponzi scheme
Three men convicted of defrauding investors out of almost £80m ($116.4m, €104m) in a London-based Ponzi scheme to fund their lavish lifestyles have been sentenced to nearly 20 years in prison.
United Kingdom | 15 Mar 16
Jailed former IFA has landmark sentence extended
Former financial adviser Philip Boakes was sentenced to a further 730 days’ imprisonment on Tuesday for failing to satisfy the £165,731 ($237,877, €213,703) Confiscation Order against him.