A previously convicted Ponzi schemer who had received a pardon from President Donald Trump is heading back to prison due to involvement in a new fraudulent scheme. What Happened: Eliyahu Weinstein, a ...
WILLIAMSVILLE, N.Y. — The collapse of an alleged Ponzi scheme orchestrated by Woodhill Capital on March 10 quickly led to a lawsuit by 14 investors that lost more than $13 million. That lawsuit was ...
After orchestrating a cryptocurrency Ponzi scheme that generated more than $577 million in sales and targeted hundreds of thousands of people around the world, two men from Estonia were sentenced ...
ATLANTA — The FBI said the CEO of a local financial group orchestrated possibly the largest Ponzi scheme in Georgia history. Drive Planning LLC CEO, 54-year-old Todd Burkhalter of St. Petersburg, Fl, ...
Atlanta — A financial adviser in Georgia pleaded guilty Wednesday to wire fraud in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities announced. Prosecutors ...
(Original Caption) Charles Ponzi, the "financial wizard" of Boston who succeeded in amassing a fortune through his endless chain of sales of Foreign Exchange following the World War, later went to ...
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74-year-old upstate New York businessman pleads guilty in Ponzi scheme
Upstate New York businessman Miles “Burt” Marshall pleaded guilty to running a $50 million Ponzi scheme that defrauded nearly ...
Dan Raby, the senior digital producer for CBS News Atlanta, has been covering everything happening around Georgia for more than a decade. The founder of a Georgia-based financial advisory group ...
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What Is a Ponzi Scheme?
What Is a Ponzi Scheme? Ponzi schemes typically lure in investors by promising high returns with little to no risk. Because initial investors often see high returns at first, early Ponzi schemes often ...
A Georgia-based financial advisor pleaded guilty to a $380 million fraud that victimized thousands of investors, in what officials said was potentially the worst Ponzi scheme in state history. Todd ...
Todd Burkhalter, founder and CEO of Drive Planning LLC, pleaded guilty to wire fraud Wednesday after admitting he orchestrated a sprawling $380 million Ponzi scheme that defrauded 2,000 investors.
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