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Showing posts with the label Ponzi and Pyramid Schemes

[TRENDING NEWS] Hollywood Actor Charged With Running Film-Distribution Ponzi Scheme

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Author: BY HEATHER MURPHY - Publish Date: April 8, 2021 at 06:46AM Zach Avery convinced clients, to the tune of $227 million, that he had a deal with HBO and Netflix that would help net them speedy 35 percent returns, the S.E.C. said.

[TRENDING NEWS] Hollywood Actor Charged With Running Film-Distribution Ponzi Scheme

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Author: BY HEATHER MURPHY - Publish Date: April 8, 2021 at 06:46AM Zach Avery convinced clients, to the tune of $227 million, that he had a deal with HBO and Netflix that would help net them speedy 35 percent returns, the S.E.C. said.

[TRENDING NEWS] Ponzi Scheme Suspect Uses Underwater Scooter to Flee F.B.I.

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Author: BY JOHN ISMAY - Publish Date: November 19, 2020 at 08:19AM After a chase, Matthew Piercey disappeared underwater using a submersible scooter, the authorities said. When he surfaced, agents were waiting with dry clothes his wife had provided.

[TRENDING NEWS] In the Decade Since Madoff, Ponzi Schemers Try New Tactics

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Author: BY ANGELA WANG - Publish Date: September 23, 2019 at 07:35AM The S.E.C. has prosecuted 50 percent more Ponzi cases in the last 10 years. Those scams cost their victims $31 billion.