Ponzi Scheme
US regulator imposes freezing order over Ponzi scheme
Firm raised at least $75m from over 500 investors based in America and overseas
South African fraudster sentenced to 15 years in jail
For running a Ponzi scheme that conned investors out of ZAR23.2m
Ponzi scheme victims targeted by fraudsters
Insolvency Service says to not engage with anyone who claims they can salvage money invested
Two American advisers imprisoned for running Ponzi schemes
Collectively they managed to steal $31.5m from investors
Ponzi scheme ordered to repay investors
Over £15m was raised from 1,000 people who were promised ‘unrealistic returns’