A federal appeals court has ordered that a receiver can recover referral fees paid to a Ponzi scheme investor who referred friends and family to the scheme because those referral services did not provide value to the scheme. The U.S.
Continue Reading Ninth Circuit Allows Recovery Of Investor Referral Fees Paid In $120 Million Ponzi Scheme
Ponzitracker
Blog Authors
Latest from Ponzitracker
Ponzi in Paradise? Florida Keys Men Accused Of $7 Million Ponzi Scheme
Three Florida Keys residents were arrested by state authorities and accused of running a Ponzi scheme that duped investors out of at least $7 million. Jose Luis Leon, 56, Richard Renner, 56, and Natalie Marie Rogers, 53, were arrested earlier…
Continue Reading Ponzi in Paradise? Florida Keys Men Accused Of $7 Million Ponzi Scheme
Stanford Ponzi Victim Ordered To Return Entire $79 Million Principal Investment To Receiver
Allen Stanford’s Mug ShotOften in the aftermath of a Ponzi scheme once the dust has settled and a Receiver or Trustee has taken stock of the remnants of what was once touted as a guaranteed and safe investment opportunity, the…
Continue Reading Stanford Ponzi Victim Ordered To Return Entire $79 Million Principal Investment To Receiver
Saying “Restitution Comes First,” Judge Slashes Prison Sentences For Brothers Convicted Of Running Ponzi Scheme
“The longer you’re incarcerated, the longer the victims go without any money…Restitution comes first.”
– Ingham County Judge Rosemarie Aquilina
A Michigan judge drastically reduced the sentences of twin brothers convicted of operating a multi-million dollar real estate Ponzi scheme, reasoning…
Continue Reading Saying “Restitution Comes First,” Judge Slashes Prison Sentences For Brothers Convicted Of Running Ponzi Scheme
Suspected Ponzi Schemer's Suicide Could Mean 100% Recovery For Victims
Investors defrauded by a Charlotte businessman’s suspected $50 million Ponzi scheme may ultimately recoup most or all of their losses in a proposed settlement due to the accused schemer’s decision to purchase tens of millions of dollars in life insurance…
Continue Reading Suspected Ponzi Schemer's Suicide Could Mean 100% Recovery For Victims
Accused Ponzi Schemer Caught Passing Note To Wife Urging Her To Hide Assets And Replace Good Wine With “Sh-t Wine”
“Have your dad take my golf clubs…Hide cash or checks … drink good wine in sub zero’s, replace with sh– wine in basement…F— them. They have taken enough! Get stuff out…”
– Letter allegedly written by Kevin Merrill and intercepted…
Continue Reading Accused Ponzi Schemer Caught Passing Note To Wife Urging Her To Hide Assets And Replace Good Wine With “Sh-t Wine”
Mississippi University Will Return Most Of Ponzi Schemer's $400,000 Donation
A Mississippi university has reached an agreement to return nearly 90% of funds its athletic department received from a Mississippi man who pleaded guilty last year to operating a $100 million Ponzi scheme. The University of Mississippi, also known as…
Continue Reading Mississippi University Will Return Most Of Ponzi Schemer's $400,000 Donation
SEC, CFTC Accuse Utah Man Of $170 Million Silver-Trading Ponzi Scheme
State and Federal regulators have accused a Utah man and his company of scamming hundreds of investors out of up to $170 million on promises that trading in silver could yield annual returns of 20% to 40%. Gaylen Dean Rust…
Continue Reading SEC, CFTC Accuse Utah Man Of $170 Million Silver-Trading Ponzi Scheme
Mississippi Man Gets 20 Years For State’s Biggest Ponzi Scheme
source: https://newsms.fm/website-provides-info-to-victims-of-100m-ponzi-scheme/A Mississippi man will serve nearly twenty years in federal prison after pleading guilty to masterminding the largest Ponzi scheme in Mississippi’s history. Arthur Lamar Adams, 58, was sentenced to 19.5 years in prison for a Ponzi scheme that…
Continue Reading Mississippi Man Gets 20 Years For State’s Biggest Ponzi Scheme