Ponzi Scheme

U.S. Attorney's Office, Southern District of Florida MIAMI – Henry Abdo, 46, of Lebanon, has been charged by indictment, in the Southern District of Florida, with orchestrating a $5 million investment fraud (Ponzi) scheme run through his company, Titanium Capital LLC (“Titanium”).  The indictment alleges that Abdo committed wire fraud, in violation of federal law.  [...]

Damian Williams, the United States Attorney for the Southern District of New York, announced that FRANKLIN RAY was sentenced today by U.S. District Judge Analisa Torres to 212 months in prison for engaging in multiple fraud schemes, including a $40 million Ponzi scheme and two COVID-19 loan fraud schemes, and committing aggravated identity theft in [...]

Colin Davids (39) the pastor accused of running a Ponzi scheme worth millions of rand, is due to make a follow up court appearance in the Bellville Magistrate’s Court on Wednesday the 18th of January 2017. He is currently out on R100 000 bail with strict conditions and faces charges of fraud in contravention of …