Any money Todd Burkhalter received from these funds went to pay off other investors or for lavish personal purchases, including $2 million on a yacht, $2.1 million on a condo in Cabo San Lucas, Mexico ...

Ramil Palafox was sentenced after prosecutors said more than 90,000 investors were misled by false Bitcoin trading claims.

Instead of investing in bitcoin and forex trading as promised, Palafox used new investor funds to pay old ones and siphoned millions for personal use.

Attorney General Brian Schwalb's office is seeking to prohibit Ali "Sam" Razjooyan from operating in the city, alleging he defrauded lenders and the District.

Court documents say that only about $3.5 million has been recovered so far in an alleged $140 million Ponzi scheme.

And more recently, the issue has come back into the spotlight after President Donald Trump fired a labor statistics official in August 2025, filling the spot with economist E.J. Antoni — who has ...

The SEC has renewed its alerts on cryptocurrency scams, highlighting Ponzi schemes, systemic risks, and investor vulnerabilities ...

Prosecutors allege Curtis Weston and a bank insider used fraudulent loans to fund stock market trades, leaving the bank with ...

A Georgia-based financial advisor pleaded guilty to a $380 million fraud that victimized thousands of investors, in what officials said was potentially the worst Ponzi scheme in state history. Todd ...

The CEO of a financial advisory empire accused of masterminding Georgia’s largest Ponzi scheme to fund a life of opulent extravagance has pleaded guilty to "shamelessly" bilking investors out of a ...

Todd Burkhalter could be heading to prison for more than 17 years for his role in defrauding more than 2,000 investors. The leader of an investment advisory practice that allegedly perpetrated a $380 ...