Search results
Results From The WOW.Com Content Network
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
Charles Ponzi (1882–1949): Italian swindler and con artist; "Ponzi scheme" is a type of fraud named after him. [14] Soapy Smith (1860–1898): American con artist and gangster in Denver and Creede, Colorado and Skagway, Alaska, in the 1880s and 1890s [15]
Hill was found guilty of 168 counts of fraud and money laundering on March 14, 2007 in the Northern District of Georgia. On September 21, 2007, U.S. District Judge Thomas W. Thrash Jr. sentenced Hill to prison for 28 years. Hill is currently incarcerated in the Federal Correctional Institution in Marianna, Florida, a medium security facility ...
By the time Dominelli pleaded guilty to mail fraud, bankruptcy fraud and income tax evasion in 1985, the government estimated he might have lost $80 million of investors’ money in his Ponzi ...
Jimmy Zhong. James "Jimmy" Zhong is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; [ 2] value as of 2023 approximately $3.4 billion [ 3]) from the online black market Silk Road between 2012 and 2014. [ 4] Zhong, who was closely monitoring the early development of bitcoin, [ 5] had found an ...
The Mantria Corporation Ponzi scheme has been described as the "biggest green energy scam" in United States history. A Federal judge in the Securities and Exchange Commission's civil case found Mantria had scammed more than $54.5 million “by egregiously, recklessly, knowingly, and shamelessly perpetrating a fraudulent scheme” that used “misrepresentations, omissions, and blatant lies to ...
The clerk of the Fulton County, Georgia, court system acknowledged Tuesday accidently releasing what appeared to be a list of criminal charges against Donald Trump before he was actually indicted ...
Donald Anthony Walker Young, who is known as Tony Young or Walker Young, was the owner of Acorn Investments and Acorn II L.P.. He was indicted, [ 1][ 2] pleaded guilty and was sentenced for running a $25 million Ponzi scheme . Young was raised in Fitzgerald, Georgia. He used a fabricated life story to work his way into the Atlanta and then the ...