Trustee sought for $1.2bn Ponzi scheme

A federal judge has been urged by the US Securities and Exchange Commission to appoint a trustee to manage a bankrupt property developer accused of being a Ponzi scheme.

77-year-old adviser gets 10 years for scamming church goers

An elderly investment adviser from Houston, Texas has been sentenced to 10 years in federal prison after being found guilty of cheating more than $5m (£3.75m, €4.2m) from people he met at church.

Middle East | 13 Sep 17

Massive fraud puts 54 in Abu Dhabi court

Defence witnesses will take to the stand on Sunday on behalf of 54 men charged with scamming almost 2,000 people in a Ponzi-style investment scheme believed to be the biggest in Abu Dhabi history.

Asia | 12 Sep 17

Life sentences for $7.6bn China Ponzi scheme masterminds

The architects behind a Ponzi scheme that cheated 900,000 investors out of CNY50bn (£5.8bn, $7.6bn, €6.4bn) will spend their lives behind bars.

North America | 6 Sep 17

FBI arrests radio show host in $5.6m investment fraud

The co-host of a US sports radio show has been arrested by the FBI on investment fraud-related charges in connection with an alleged fake ticket scam that he started after accumulating millions in gambling debts.

Ponzi Scheme