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Tag archive for ‘Ponzi scheme’
By Guest Author On Monday, October 14th, 2019
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Are You Involved In Trading Or A Ponzi Scheme?

Trading in the financial markets is one complex activity that needs you to first understand the concept before buying in. The market has several players who are the brokers, companies providing their assets on the More...

By The Dispatch On Monday, September 2nd, 2019
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Chief Financial Officer, Bradley Mascho Sentenced for $20 Million Ponzi Scheme

U.S. District Judge Paula Xinis today sentenced Bradley Mascho, age 53, of Frederick, Maryland, to 30 months in federal prison, followed by three years of supervised release, for conspiracy to commit securities More...

By The Dispatch On Friday, August 30th, 2019
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South Carolina Man, Thomas Lanzana Indicted for Running $1.1 Million Foreign Currency Ponzi Scheme

A South Carolina man was indicted today on charges that he defrauded at least 20 people by soliciting investments in a phony foreign currency trading scheme, Attorney for the United States Rachael Honig announced. Thomas More...

By The Dispatch On Tuesday, August 20th, 2019
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Delaware Businessman, Carl Chen Sentenced for Multi Million Dollar Ponzi Scheme

David C. Weiss, U.S. Attorney for the District of Delaware, announced today that Carl Chen, owner of Chenmax Properties, Inc., a Delaware Real Estate Investment Trust, and part-owner of Re/Max Sunvest Realty Co., More...

By The Dispatch On Saturday, August 17th, 2019
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Chief Financial Officer, Alan Heide Charged with Securities Fraud in Relation to $330 Million Scheme

A former Chief Financial Officer of 1 Global Capital, LLC has been charged in connection with a $330 million securities fraud scheme, related to a commercial payday loan business that operated from early 2014 through More...

By The Dispatch On Thursday, August 8th, 2019
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New Jersey Man, Tanmaya Kabra Arrested for Investment Fraud Scheme

The owner of several Boston-based investment companies was arrested yesterday at Logan Airport on charges of operating a Ponzi-like fraud scheme. Tanmaya Kabra, 25, who resided most recently in Weehawken, N.J., More...

By The Dispatch On Thursday, August 1st, 2019
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Financial Advisor, Dawn Bennett Sentenced to 20 Years for $20 Million Ponzi Scheme

U.S. District Judge Paula Xinis today sentenced Dawn J. Bennett, age 56, of Chevy Chase, Maryland, to 20 years in federal prison, followed by five years of supervised release, for 17 federal charges including conspiracy, More...

By The Dispatch On Sunday, June 23rd, 2019
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South Carolina Man, Nickolas Godfrey is Sentenced to 3 Years for $1 Million Investment Scheme

Nickolas M. Godfrey, 41, of Fort Mill, South Carolina, was sentenced today to 37 months in prison for securities fraud, wire fraud, and transactional money laundering in connection with a $1 million investment fraud More...

By The Dispatch On Tuesday, June 18th, 2019
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Florida Man, Christopher Warren Sentenced for Role in $28 Million Ponzi Scheme

 Christopher B. Warren, 50, of Anthony, Florida was sentenced yesterday to nine years in federal prison for operating a multi-million dollar Ponzi scheme, announced U.S. Attorney Don Cochran for the Middle District More...

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...


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