The OSC is warning Ontario investors not to invest with Profitable Sunrise, which claims to be located in the United Kingdom while representing that its banking facilities are in the Czech Republic. Profitable Sunrise is offering investors “investment plans,” but it is not registered in Ontario to engage in the business of trading in securities, […]
Investors who are victims of the multi-billion dollar Madoff Ponzi scheme have suffered a major setback in federal appeals court, reports forbes.com. Apparently, none of the victims invested directly with Bernard L. Madoff Investment Securities LLC (BLMIS). Instead, they invested in two limited partnerships, Spectrum Select, L.P., and Spectrum Select II, L.P. This means, says […]
Appeal court reverses trial decision
The SEC has charged five former real estate executives with defrauding investors.
Man faces 12-year prison sentence after duping more than 50 investors.
The BCSC alleges a Canadian women both perpetrated a fraud and made false statements to regulators.
Kaveh Vahedi, a 51-year-old business owner and mortgage broker, has been keeping himself busy—and very rich—over the past few years.
A former broker from Orlando, Fla. is being charged with defrauding 14 investors of more than $1 million in an astrology-based Ponzi scheme. The SEC alleges Gurudeo “Buddy” Persaud lured family, friends, and others into investing in his firm, White Elephant Trading Company, by guaranteeing their money would yield lofty returns of between 6% and […]
It seems Bernie Madoff has company in the white-collar crime hall of fame. Texas banker Allen Stanford has been sentenced to 110 years in prison for operating one of the largest Ponzi schemes in history.
A U.S. District Court in New Hampshire entered final judgments last week against New Futures Trading International Corporation, a New Hampshire business, and Henry Roche for running a Ponzi scheme.