It’s been more than eight years since the notorious Bernie Madoff pleaded guilty to his…
THE BILLION-DOLLAR PONZI SCHEME THAT HOOKED WARREN BUFFETT AND THE U.S. TREASURY
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
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
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
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
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...