“Ponzi schemes always feed on investors’ greed and the search for unrealistic returns. People take unnecessary risks in the ...

“Going by the ISA 2025, the promoters and operators of any entity engaged in a prohibited scheme commits an offence and is ...

For most of the world, Bernie Madoff is a monster; he betrayed thousands of investors, bankrupted charities and hedge funds. On paper, his Ponzi scheme lost nearly $65 billion; the effects spread ...

Consistent lies about the value of tariffs have been exposed as the stock and bond markets crashed. Yet, Vice President JD ...

SPV OSUS, a Bahamian company, sued UBS and Access Partners (Suisse) in 2014 after it acquired the creditor rights of Optimal Strategic US Equity Ltd., an investment fund that lost $2.9 billion when ...

The famous ancient Greek dramatist Sophocles once said he'd rather "fail in honor rather than succeed by fraud." Sophocles might be irked, if he were alive today, by the many criminal opportunists who ...

After nearly two years of research, a team of experts is providing new analysis on the tragic sinking of the Titanic.

The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them.

Two Estonians accused in a $577 million Ponzi scheme were caught between an order from the DHS to self-deport and a state ...

Afta several Nigerians don para say dem lose money ontop digital asset trading platform, CBEX, di Economic and Financial Crimes Commission (EFCC) don begin step to investigate di Ponzi scheme.

But Mr Abdul, who recently completed his degree programme at Ekiti State University, nursed fears that the forex trading platform could be a new Ponzi scheme. Yet, a close friend who had traded on ...

Many Nigerians are currently lamenting the loss of their investments in a suspected Ponzi scheme operated by CBEX. SaharaReporters reported that angry investors stormed the firm's office in Ibadan ...