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Victoria mortgage broker denies Ponzi scheme as investors learn distressing details about missing records

Victoria mortgage broker denies Ponzi scheme as investors learn distressing details about missing records

by L Poole | May 16, 2023 | Breaking News, Featured, Ponzi Scheme

‘If there are no records it certainly points to the concept that this was a Ponzi scheme,’ said the receiver. The Victoria mortgage broker at the centre of a growing financial scandal says he’s not running a Ponzi scheme even though gloomy investors...
THE BILLION-DOLLAR PONZI SCHEME THAT HOOKED WARREN BUFFETT AND THE U.S. TREASURY

THE BILLION-DOLLAR PONZI SCHEME THAT HOOKED WARREN BUFFETT AND THE U.S. TREASURY

by L Poole | May 15, 2023 | Breaking News, Featured, Ponzi Scheme

How a small-town auto mechanic peddling a green-energy breakthrough pulled off a massive scam. Jeff carpoff was a good mechanic. But as a businessman, he struggled. In the two decades since high school, he’d lost one repair shop after another, filed for personal...
‘Sorry’: Crown calls for harsh sentence for Calgary man in multimillion-dollar fraud

‘Sorry’: Crown calls for harsh sentence for Calgary man in multimillion-dollar fraud

by L Poole | Aug 19, 2022 | Breaking News, Featured, Investment Fraud, Ponzi, Ponzi Scheme

CALGARY – The Crown asked for a sentence of 10 to 12 years Wednesday for a Calgary man who bilked clients out of millions of dollars in a Ponzi scheme. Arnold Breitkreutz, 74, was convicted on June 29 of fraud over $5,000 for what the Crown described as a...
Embattled crypto lender Celsius is a ‘fraud’ and ‘Ponzi scheme,’ lawsuit alleges

Embattled crypto lender Celsius is a ‘fraud’ and ‘Ponzi scheme,’ lawsuit alleges

by Admin | Jul 8, 2022 | Breaking News, Cryptocurrency, Featured, Ponzi Scheme

Crypto lender Celsius artificially inflated the price of its own digital coin, failed to hedge risk and engaged in activities that amounted to fraud, a lawsuit alleges. Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to...
Bernie Madoff’s sister and her husband found dead in apparent murder-suicide

Bernie Madoff’s sister and her husband found dead in apparent murder-suicide

by L Poole | Feb 22, 2022 | Breaking News, Featured, Ponzi, Ponzi Scheme

The sister of Bernie Madoff, the infamous Ponzi schemer who died in prison last year, and her husband were found dead in their Florida home Thursday. Police say the cause of their death seems to be an apparent murder-suicide. On Sunday, The Palm Beach County Sheriff’s...
Victims of Ponzi scheme call for reopening of probe into offshore money transfers

Victims of Ponzi scheme call for reopening of probe into offshore money transfers

by CBC News | Apr 29, 2021 | Ponzi Scheme, Recent Articles

April 29, 2021 – Victims of a massive investment fraud that operated for years out of Montreal and siphoned more than $500 million offshore are calling on federal politicians to resume an inquiry into Canadian shell companies set up in the Isle of Man, a popular...
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