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...
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...
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...
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...
by Castanet | Mar 27, 2021 | Cryptocurrency, Ponzi Scheme, Recent Articles
March 27, 2021 – Doug Crawford says he lost $10,000 in a cryptocurrency ponzi investment scheme, allegedly brought to him by a Kelowna, B.C., man who he has known for 20 years. The RCMP is warning to the public about cryptocurrency fraud, which is dramatically...
by Todayville.com | Mar 25, 2021 | Ponzi Scheme, Recent Articles
March 25, 2021 – A husband and wife from Summerland, B.C., have been charged in a multimillion-dollar Ponzi scheme after an investigation by Alberta RCMP. After a referral from the Alberta Securities Commission, police began investigating the actions of...