|Search Results||Showing 1 - 10 of 28 results for "Ponzi"|
|A California-based couple has been charged by the US Securities and Exchange Commission for allegedly running a Ponzi scheme worth just under $1.5 billion (USD$1billion). The SEC has charged Jeffery and Paulette Carpoff with violating antifraud provisions ...|
|... out purported profit distributions to some investors. The SEC referred to the way in which some investors were paid as a "Ponzi-like fashion". "As alleged in our complaint, Griffithe and Russell exploited popular interest in the cannabis industry to ...|
|... restraining order and asset freeze against Courtright. It is alleging that The Income Store was, for all intents and purposes, a Ponzi scheme. The scheme apparently raised about US $75 million for more than 500 investors. Courtright and his company promised ...|
|... August of this year former financial adviser Dawn Bennett was sentenced to 20 years in prison for running a $30 million Ponzi scheme. She defrauded 46 retirees out of their life savings between 2014 and 2017, believing they were investing in luxury sportswear ...|
|Small business owners and seniors in Florida have been the victim of a tropical themed Ponzi scheme that is now under investigation by the US Securities and Exchange Commission. The SEC announced that it has filed an emergency action and obtained a ...|
|A New York investment adviser named Ruless Pierre allegedly operated a Ponzi scheme that unlawfully obtained more than $2 million from investors who were told they'd see returns of 20% every two months. Part of the scheme, known as the Amongst Friends ...|
|... week sentenced to 20 years in federal prison for her conviction on 17 charges relating to a $29.3 million (US$20 million) Ponzi scheme. In October 2018, Bennett was found guilty of conspiracy, securities fraud, wire fraud, bank fraud and making false ...|
|A ponzi scheme run by a 22-year old out of a college fraternity house in the United States has copped the regulator's ire. Syed Arhan Arbab collected more than $269,000 from at least eight college students, recent graduates, or their family members ...|
|A ponzi-style investment scheme that defrauded Collingwood Magpies fans out of more than $800,000 has seen one man convicted on dishonesty charges while his wife is already serving time for fraud offences. Douglas Johnston was found guilty on nine dishonesty ...|
|... Grant Thornton, said in its report to the Supreme Court of NSW in November last year that Courtenay House was operating a ponzi scheme. The liquidators found in their investigation that the Courtenay House companies were operating a ponzi scheme since ...|
Following its acquisition of a stake in Escala Partners, New York-based Focus Financial Partners is set to buy a slice of Melbourne-based MEDIQ Financial Services.
With the coronavirus, now dubbed COVID-19, impacting not only many lives, but now also the bottom line of some of the world's biggest companies, investors are chasing shorting opportunities to bank big on the pandemic.
A former chair of the SMSF Association has returned for another stint in the top job.
The chief executive of a $5.5 billion industry superannuation fund has spoken out against increasing the superannuation guarantee to 12% in a submission to the Retirement Income Review.
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