Ponzi Scheme
US firm fined $1bn for running a Ponzi scheme
Emergency action filed by US regulator after 8,500 retail investors were defrauded
Former Lumiere Wealth boss gets 7-year jail term
Sentencing was delayed as the fraudster helped Guernsey authorities with a similar investigation
Investment | 5 Nov 18
Call for guidelines to guard against Ponzi schemes
NRIs warned to be wary of fraudsters promising huge returns on investments
United Kingdom | 30 Jul 18
Adviser who gambled away £15.6m jailed
A once-respected adviser who conned millions out of his community to feed his gambling habit has started a six-year prison sentence.
Victims defend $11bn Chinese Ponzi scheme
Investors across China are continuing to support the founder of an alleged Ponzi scheme, even after he turned himself into police, despite standing to lose CNY70bn (£7.9bn, $10.8bn, €8.9bn).