Indian authorities have announced the seizure of more than $280 million from the mastermind of the OctaFX Ponzi scam. In a statement released by the Enforcement Directorate (ED) on Friday, the agency ...

JPMorgan CEO Jamie Dimon just launched another scathing attack on the biggest crypto and said bitcoin couldn't serve as a currency.

Rathnakishore Giri was sentenced to nine years in prison for orchestrating a sophisticated cryptocurrency Ponzi scheme. He falsely presented himself as an expert in Bitcoin derivatives, promising ...

BHUBANESWAR: The Economic Offences Wing (EOW) of Crime Branch on Friday arrested a man for his alleged involvement in an ...

Jason Cloth of Beverly Hills was charged in the Northern District of Illinois. He was arrested Tuesday in Los Angeles and ...

That wasn’t much of a jail break. A convicted New Jersey Ponzi schemer who was sprung from prison after a pardon from President Trump during his first term is headed back to the slammer for running ...

The founder and managing partner of several private equity funds has admitted to defrauding investors out of more than $50 ...

Jason Cloth, a film producer with dozens of credits including Joker, Longlegs and Babylon, is facing numerous federal fraud charges and decades in prison in connection with a Ponzi scheme that bilked ...

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest money and generate high returns with little ...

Film producer Jason Cloth, known for financing movies like “Joker” and “Ghostbusters: Afterlife,” has been indicted on wire fraud charges. Prosecutors say he ran a $100 million Ponzi scheme. The ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. Todd Burkhalter, the CEO of the Georgia-based financial advisory group Drive ...

Charles Ponzi, pictured in Boston in July 1920 with a gold-handled cane and a diamond stickpin, lured investors by claiming he found a way to make huge profits buying international postal reply ...