Latest Charles Ponzi Stories

2014-01-07 23:04:39

TheGreedChase.com Consumer Fraud Network Gives Ordinary Citizens, Novice Investors and Small Businesses the Tools to Halt the Growing Class of Fraudulent Actors on Main Street. Check out Exclusive News on Alleged Ponzi Schemer Ephren Taylor Little Rock, AR (PRWEB) January 07, 2014 TheGreedChase.com consumer fraud network debuts today to help individuals, small businesses and novice investors learn the necessary skills to halt fraudulent scams in their local communities. "The goal of...

2012-02-14 08:00:00

There is no current tracking of the number annual federal or state Ponzi scheme victims. However, the Wall Street Fraud Watchdog estimates the number of defrauded investors is probably in the tens of thousands of US citizens each year, and the costs are probably in the billions of dollars. The Wall Street Fraud Watchdog has developed a revolutionary due diligence service, that has been designed to make certain a high net worth investor, a married couple, or a senior citizen does not lose it...

US Government Calls Online Poker Site Ponzi Scheme
2011-09-21 05:35:16

  The US government claims that Full Tilt, an online gambling site based in Dublin, Ireland, is a ponzi scheme. The government claims the sites board of directors used player´s funds to enrich themselves to the tune of $440 million dollars between April 2007 and April 2011. Raymond Bitar and 11 other defendants were named in an indictment seeking $3 billion dollars in penalties and alleging crimes including illegal gambling, money laundering and bank fraud, according to the...

2010-09-28 07:10:00

BAY HARBOR ISLANDS, Fla., Sept. 28 /PRNewswire/ -- Alan Sakowitz, a Miami attorney and real estate developer, details his interaction with Ponzi scheme master Scott Rothstein in Miles Away ... Worlds Apart, now available from Amazon.com and at bookstores. Sakowitz tells the amazing, entertaining story of how good people were led astray by Rothstein, who through his 70-attorney Ft. Lauderdale law firm, Rothstein Rosenfeldt Adler, offered up fake investment opportunities and bilked those...

2010-02-10 08:24:00

ROCKINGHAM, N.C., Feb. 10 /PRNewswire/ -- It was announced today that Iron Horse Auction Company, Inc. of Rockingham, NC will be conducting an auction of forfeited assets from the Sean Mescall/CapitalStreet Financial LLC Ponzi Scheme of Denver, NC. Acting under a Federal Court Order on behalf of the United States Court appointed receiver, Iron Horse Auction Company, Inc. will be selling gold bullions, silver bullions, certified and unmounted diamonds & Rolex watches. The auction...

2010-01-29 11:52:00

NEW YORK, Jan. 29 /PRNewswire/ -- What: With nearly a trillion dollars lost by financial institutions and individual investors to Ponzi schemes and other investor frauds over the past couple of years, traditional due diligence has been lacking. So what can investors do to protect themselves from potentially fraudulent investment situations and fraudulent investment advisors? Insite Security...

2009-09-30 12:34:25

U.S. Securities and Exchange Commission investigator H. David Kotz has recommended 58 steps to tighten enforcement in the wake of the Bernard Madoff scandal. For thousands of investors, Ponzi scheme operator Bernard Madoff represents a $65 billion crime, not a scandal. At the SEC, however, Madoff, now serving a 150-year prison sentence, represents both after Kotz's internal investigation revealed six substantial warnings given SEC officials that resulted in missed opportunities to stop the...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.