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Tag archive for ‘Ponzi scheme’
By The Dispatch On Saturday, May 18th, 2019
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Front Man, Kevin Merrill Pleads Guilty to $550 Million Ponzi Scheme in Maryland

Kevin B. Merrill, age 53, of Towson, Maryland, pleaded guilty today to conspiracy and wire fraud arising from a $550 million investment fraud scheme that operated from 2013 through September 2018.  Co-defendant More...

By The Dispatch On Wednesday, March 20th, 2019
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Businessman, Amrit Chahal Sentenced 2 years in Prison for Investment Fraud Scheme

A local businessman was sentenced today to 2 1/2 years in prison for orchestrating a $1.3 million Ponzi scheme that caused losses to more than 40 victims. Photo/Robinraj Premchand According to court documents, Amrit More...

By The Dispatch On Saturday, December 22nd, 2018
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Florida Man, Christopher Warren Pleads Guilty in $28 Million Solar Farm Ponzi Scheme

Christopher B. Warren, 50, of Anthony, Florida pleaded guilty Friday to one count of mail fraud and one count of securities fraud for operating a $28 million Ponzi scheme, announced U.S. Attorney Don Cochran for More...

By The Dispatch On Monday, December 3rd, 2018
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Alleged Conman, Khemraj Hardat Faces Wire Fraud Charges for Ponzi Scheme

A former resident of the Ritz-Carlton Residences at LA Live in downtown Los Angeles has been arrested on federal wire fraud charges that allege he defrauded investors out of more than $5 million in a Ponzi scheme, More...

By The Dispatch On Saturday, November 3rd, 2018
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Jackson Man, Arthur Lamar sentenced to 20 Years for largest Ponzi Scheme in State History

Arthur Lamar Adams, 58, of Jackson Mississippi, was sentenced today to 235 months in federal prison for wire fraud involving a large, multi-state Ponzi scheme involving more than one hundred million dollars and More...

By The Dispatch On Friday, October 19th, 2018
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Boston hedge fund manager Raymond Montoya pleads guilty to Ponzi Scheme stretching across multiple states

A Boston-area hedge fund manager pleaded guilty today in federal court in Boston to running a multi-million dollar Ponzi scheme. Raymond K. Montoya, 70, of Allston, pleaded guilty to three counts of wire fraud, More...

By The Dispatch On Friday, October 19th, 2018
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Dawn Bennett convicted in $40 million Ponzi Scheme to steal from elderly investors

After deliberating for fewer than five hours, a federal jury today convicted Dawn J. Bennett, age 56, of Chevy Chase, Maryland, on all 17 federal charges including conspiracy, securities fraud, wire fraud, bank More...

By The Dispatch On Friday, October 12th, 2018
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San Diego woman, Susan Werth indicted for running Construction loan Ponzi Scheme

A San Diego woman has been arrested on federal fraud and identity theft charges that allege she ran a multi-million dollar Ponzi scheme in which she solicited funds from investors by falsely claiming their money More...

By The Dispatch On Wednesday, September 19th, 2018
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Baltimore, Texas men indicted in $364 million Ponzi scheme: Kevin Merrill, Jay Ledford, Cameron Jezierski

A federal grand jury has indicted three men on charges of conspiracy, wire fraud, identity theft, and money laundering, arising from an alleged $364 million investment fraud scheme.  The indictment was returned More...

By Guest Author On Monday, December 11th, 2017
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What Are the Top Common Investment Scams You Must Be Aware of?

More often than not, investment scams encourage you to invest money for a doubtful venture. Worse, they entice you to a non-existing investment. If you want to avoid being one of the victims, be sure to familiarize More...

By Butter Bracco On Thursday, July 6th, 2017
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Jane, Bernie Sanders FBI investigation: GOP’s Brady Toensing says taxpayers, Catholic Church, banks lost but Sanders not harmed

The vice chairman of the Vermont Republican Party told Fox News Wednesday night that the federal investigation into Sen. Bernie Sanders’ wife is “firmly based on facts and figures and analysis,” More...

By Sierra Jones On Friday, January 27th, 2017
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Bernie Sanders attacks Mike Mulvaney over defunding Planned Parenthood

Vermont Senator Bernie Sanders grilled Rep. Mick Mulvaney (R-S.C.), the White House budget chief nominee, on Tuesday over his 2015 crusade to defund Planned Parenthood and his stance that Social Security is More...

By The Dispatch On Thursday, August 18th, 2016
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Trump University Under Fire after Experts Allege Students Were Advised to Perform Illegal Actions

Former Trump University students say they were scammed by the school, but now experts are saying they may have also been advised to commit illegal actions. Legal experts teamed up with CNBC to review the now-defunct More...

By Guest Author On Thursday, August 20th, 2015
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The Same Scams Target Vulnerable Older People in 2015

On a regular basis, we read about companies and individuals charged with investment fraud and Ponzi-like schemes. Recent ones include Atlanta-based Gray Financial Group, Inc. for putting pension plans in an investment More...

By Brandon Jones On Tuesday, December 1st, 2009
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Calling Obamacare is a Ponzi scheme: well, I wasn’t the only one

Exposing your thoughts, feelings, and opinions to the world for scrutiny can prove to be difficult, if not, outright painful. One such occasion was the assertion that the current Health care Reform Bill is basically More...

By Brandon Jones On Tuesday, November 24th, 2009
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Health Care Reform, Social Security may be a Ponzi Scheme, but Don’t call it that

It first happened months ago, but again this week I faced some odd and interesting ridicule. I made an offhand comment that the “pay it forward” taxation that accompanies this Health Care Bill, aka Affordable More...


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