Todd Burkhalter promised big returns. His victims didn’t realize they were too good to be true.

Attorneys James D. Gassenheimer and Isaac M. Marcushamer offer the telltale signs of a Ponzi scheme knowing another wave of frauds may be just around the corner. In late 2008 and 2009, the United ...

Ponzi and pyramid schemes depend on new money and recruitment to survive. These schemes promise returns from new participants, not real economic activity. Bitcoin does not require recruitment or ...

Finance and investment experts have attributed the recurring cases of phony investment schemes to three main issues of financial illiteracy, greed and lack of culture of due process. Against the ...

Two men — Ryan Wear, of Everett, Washington, and Jordan Chirico, of Carmel, Indiana — have been indicted in New York on federal criminal charges related to two Ponzi-like schemes involving water ...

Elon Musk has been on a mission to reduce government waste through the Department of Government Efficiency (DOGE). As of April 18, the agency estimates that it has saved $155 billion in total. And ...

(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 ...

Nigerian regulators are launching a more forceful and coordinated enforcement regime against unregistered and illegal “phony” investment schemes, otherwise known as Ponzi schemes. The new enforcement ...

Thousands of clients trusted Todd Burkhalter to invest their money in high-yielding real estate loans. In reality, Burkhalter was running a massive Ponzi scheme while splurging on motorcoaches and ...