Search Results | Showing 21 - 30 of 59 results for "Ponzi" |
| | | ... card debts, transferred it straight into Maureen Johnston's personal account and paid deposits in what ASIC labelled a "Ponzi-style" operation. When Maureen Johnston was sentenced, the presiding judge said Maureen Johnston was "intentionally dishonest ... |
| | | | ... to a lesser extent, from investors in unsecured debentures also promoted by Mayfair 101 - in a model not dissimilar to a Ponzi scheme. However, Mawhinney has aggressively defended the company against the Ponzi scheme allegations. "The Ponzi claims made ... |
| | | | ... of fraud, while overseas regulators manage to see victims compensated. Telford pointed to the example of Bernie Madoff's Ponzi scheme - victims managed to recover 78% of losses thanks to the actions of US authorities. "That the financial cop on the beat ... |
| | | | ... report," the liquidator said. The report also contained findings that parts of Mayfair 101's business essentially operated as a Ponzi scheme. "It is my opinion that distributions and redemptions paid to M Core noteholders were funded out of funds raised ... |
| | | | A man claiming to be a pastor in the US has been charged over a Ponzi scheme that targeted African immigrants, particularly those of faith. The US Securities and Exchange Commission (SEC) charged two companies based in Maryland for the scheme that allegedly ... |
| | | | ... be particularly wary of bitcoin and cryptocurrency schemes, saying she has seen many of these collapse and turn out to be Ponzi schemes. "I have seen so many scams in cryptocurrencies. I would honestly say, 'just don't go there'," she said. "A lot of ... |
| | | | ... that Mayfair 101's launch of Australian Property Bonds was a last ditch effort by the embattled wealth manager to set up a Ponzi-like scheme. ASIC expressed concerns that Mayfair 101 founder and managing director James Mawhinney's efforts to raise funds ... |
| | | | ... embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments. The report suggests investor money was misappropriated by iProsperity for various purposes including ... |
| | | | ... and; $27,000 was withdrawn in cash or transferred overseas. In sentencing Miller, the judge described his conduct as a "Ponzi scheme" involving a "significant breach of trust" and a "cruel and deceitful betrayal inevitably leading to financial disaster". ... |
| | | | ... Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International Investment Group ... |
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