At least 50 investors were tricked into a $50 million Ponzi scheme to buy luxury cars at a discount to be sold or leased for ...

A Miami business owner who pleaded guilty to wire fraud after being involved in a Ponzi scheme was sentenced to nearly 20 ...

Brent Adam Seaman is accused of using investor money to pay off losses, falsifying records and buying a $165,000 Ferrari with the proceeds.

"It’s a horrible mess. I’ve cried. I sat down and cried a couple of times over, thinking what did I do this for." ...

Michael Harris was sentenced to 33 months for running a Ponzi scheme that defrauded 52 people of $1.5 million, according to ...

Trafigura’s lawyers last week described the situation as “a sort of Ponzi scheme,” with the trading house as the sole victim.

Former Naples resident Brent Seaman faces federal charges for orchestrating an investment scheme prosecutors say targeted ...

A pair of flashy e-commerce entrepreneurs who bought bankrupt retail giants — including Pier 1 Imports, RadioShack, and Modell’s Sporting Goods — have been accused of running a $112 million Ponzi ...

SUMMERFIELD, N.C. — On Friday, a Summerfield man was sentenced to nearly 20 years in prison after pleading guilty to wire fraud, money laundering, securities fraud, tax evasion and failure to file tax ...

Seaman used the investor funds to pay personal rent, purchase a Ferrari, buy jewelry, and charter a private jet ...

The court found that while the investors were pumping in money for non-existent nickel trades, Ng Yuzhi and former employees of the Envy group of companies were being paid salaries, bonuses and ...

Two entrepreneurs who bought a number of well-known bankrupt retail chains, such as RadioShack, Pier 1 Imports, and Modell’s Sporting Goods, have been accused of operating a $112 million Ponzi scheme.