Brooklyn financial advisor busted in $1.24M Ponzi scheme targeting 10 investors
BROOKLYN, NY — A licensed Brooklyn financial advisor has been indicted for allegedly orchestrating a Ponzi scheme that defrauded 10 clients out of approximately $1.24 million over nearly a decade, prosecutors announced…
UK Nationals Plead Guilty in International Ponzi Scheme in NYC
NEW YORK, NY – James Robinson and David Kennedy, principals of the Spain-based United Property Group, have pleaded guilty to wire fraud conspiracy in connection with a scheme that defrauded hundreds of…
New Jersey Investor Arrested for Operating $5 Million Ponzi Scheme at the Jersey Shore
NEWARK, NJ. – Vincent Dispoto Jr., a 66-year-old from Belmar, New Jersey, was arrested today on charges related to a fraudulent scheme spanning over three decades. The owner of the purported investment…
Two Men Charged for Operating $25M Cryptocurrency Ponzi Scheme
A superseding indictment was unsealed yesterday charging an Australian national and a California man with operating a cryptocurrency Ponzi scheme that defrauded victims of more than $25 million. According to court documents,…
Sherman Oaks Man Receives Over 7 Years in Prison for $7 Million Ponzi Scheme He Ran with His Brother Out of Their Parents’ House
SANTA ANA, California – A San Fernando Valley man was sentenced today to 87 months in federal prison for scheming with his brother to fraudulently obtain more than $7 million from at…
Warga Negara Indonesia Diekstradisi Dari Singapura Untuk Menghadapi Tuntutan Karena Melakukan Skema Ponzi Yang Menargetkan Komunitas Indonesia Dan Indo-Amerika
Di pengadilan federal di Brooklyn, Dakwaan 16 dakwaan dan 16 dakwaan pengganti telah dibuka segelnyadalam penuntutan warga negara Indonesia bernama Francius Marganda yang melakukan penipuan sekuritas, penipuan kawat, pencucian uang dan tuduhan…
Indonesian National Extradited from Signapore to Face Charges of Running Ponzi Scheme Targeting Indonesian and Indo-American Community
A 16-count indictment and 16-count superseding indictment were unsealed in federal court in Brooklyn charging Indonesian national Francius Marganda with securities fraud, wire fraud, money laundering and related conspiracy counts for running…
Shakopee Man Sentenced to Prison for $3.1 Million Ponzi Scheme
MINNEAPOLIS – A Shakopee man has been sentenced to 51 months in prison, three years of supervised release, and ordered to pay $3.1 million in restitution for operating a fraudulent investment scheme,…
Ohio Man Sentenced to 48 Months for Wire Fraud in Ponzi Scheme
CLEVELAND, OH – Paul Kimmins Lebo, a 41-year-old Lakewood resident, was sentenced to 48 months in prison for wire fraud related to a Ponzi scheme. U.S. District Judge Charles E. Fleming also…
NJ Man Sentenced for Money Laundering in Ponzi Scheme
BERGEN COUNTY, NJ – On Friday, Chander Singh of Teaneck, New Jersey was sentenced to 8 years in New Jersey State Prison for money laundering related to a Ponzi scheme. Singh, a…
Glen Cove Man Pleads Guilty to $1 Million Ponzi Scheme
MINEOLA, NY – Rand Heckler, 67, a former investment broker from Glen Cove, pleaded guilty yesterday before Judge Terence Murphy to one count of Grand Larceny in the Second Degree and Scheme…
Serial Fraudster Convicted of $40 Million Ponzi Scheme, SBA Loan Fraud
New York, NY – Canton, Michigan resident Franklin Ray, a recidivist fraudster, pled guilty today to multiple counts of wire fraud, including one count of wire fraud while released under conditions of…
Former Bond Trader And Hedge Fund Founder Jeffrey Soberman Parket Pleads Guilty To $65 Million Ponzi Lending Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Daniel B. Brubaker, Inspector in Charge of the New York Division of the U.S. Postal Inspection Service (“USPIS”),…
Florida Man Sentenced For His Role In Ponzi Scheme
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 ROCHESTER, N.Y. – U.S. Attorney Trini E. Ross announced today that Paul LaRocco, 60, of Ocala, Florida, who was convicted of mail fraud, was…
Celsius bankruptcy examiner expected to report on Ponzi allegations
By Dietrich Knauth (Reuters) – A court-ordered examiner is expected to release a report on Monday addressing whether bankrupt crypto firm Celsius Network operated as a Ponzi scheme, which could add to…
Unlicensed Vancouver, Washington, Investment Advisor sentenced to 6+ years in prison for Ponzi Scheme
Tacoma – An unlicensed “investment advisor” from Vancouver, Washington, was sentenced today in U.S. District Court in Tacoma to 75 months in prison for mail fraud in connection with his scheme to…
Maryland Man Sentenced to More Than Six Years in Federal Prison for His Role in a $28 Million Ponzi Scheme Involving “1st Million Dollars” Wealth Management Company
Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang sentenced Arley Ray Johnson, age 63, of Bowie, Maryland, yesterday to 78 months in federal prison, followed by three years of supervised release,…
U.S. Attorney Announces Fraud And Money Laundering Charges Against Additional Cryptocurrency Ponzi Scheme Promoters
Damian Williams, the United States Attorney for the Southern District of New York, announced the arrest in Spain of NESTOR NUÑEZ, a/k/a “Salvador Molina,” on December 28, 2022, on fraud charges and…
Digital Advertising Business Owner And Operator Sentenced To Prison For $5 Million Ponzi Scheme
LAS VEGAS – A Las Vegas business owner and operator who pleaded guilty to wire fraud was sentenced yesterday by U.S. District Judge Jennifer A. Dorsey to 34 months in prison followed…
Former Rochester Man Going To Prison For More Than 20 Years For His Role In Ponzi And COVID-19 Fraud Schemes
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, NY–Christopher A. Parris, 42, formerly of Rochester, NY, and currently of Lawrenceville, Georgia, who was convicted of conspiracy to commit mail fraud related…
U.S. Attorney Announces Fraud And Money Laundering Charges Against The Founders And Promoters Of Two Cryptocurrency Ponzi Schemes
Damian Williams, the United States Attorney for the Southern District of New York, and Ivan J. Arvelo, the Special Agent in Charge of the New York Field Office of the Department of…
Fresno Man Charged in $4+ Million Ponzi and COVID-19 Benefits Fraud Schemes
FRESNO, Calif. — Royce Newcomb, 60, of Fresno, charged in connection with schemes estimated to have defrauded investors and the government out of more than $4.2 million was arrested today in Fresno,…
Nevada Woman Charged with $7 Million Advance Fee Ponzi Scheme and Obstruction of Justice
NEWARK, N.J. – A Nevada woman was indicted today on wire fraud, money laundering, and obstruction of justice charges related to a $7 million advance fee Ponzi scheme and obstructing the government’s…
Nevada Woman Charged with $7 Million Advance Fee Ponzi Scheme and Obstruction of Justice
NEWARK, N.J. – A Nevada woman was indicted today on wire fraud, money laundering, and obstruction of justice charges related to a $7 million advance fee Ponzi scheme and obstructing the government’s…
Santa Barbara Man Sentenced to Over 11 Years in Federal Prison for $14 Million Ponzi Scheme, Tax Evasion, ID Theft and Other Felonies
LOS ANGELES – A Santa Barbara man was sentenced today to 133 months in federal prison for stealing approximately $14 million from victims who thought their investments would be used to…
North County Man Indicted for Multimillion-Dollar Ponzi Scheme
Assistant U. S. Attorneys Peter S. Horn (619) 546-6795 and Aaron P. Arnzen (619) 546-8384 NEWS RELEASE SUMMARY – October 4, 2022 SAN DIEGO – Richard Lee Ramirez is charged in a…
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