AG Ron Bonta Charges 15 In $5 Million Ponzi Scheme That Targeted Elderly FilipinosCalifornia's attorney general on Friday charged 15 people with conspiring to defraud mostly elderly victims of Filipino descent out of a combined $5 million.
Former Novato Real Estate Investment Firm CEO Charged With Running Ponzi SchemeA Los Angeles man who was a former employee of a Novato-based real estate investment company was charged with running a $350 million Ponzi scheme, federal prosecutors said Tuesday.
State Attorney General Becerra Announces Arrests In Alleged $10M Ponzi SchemeCalifornia Attorney Xavier Becerra on Thursday announced the arrests of three individuals -- including one in Contra Costa County -- involved in an alleged $10 million Ponzi scheme that targeted more than 70 victims around the world.
Owners Of Benicia-Based Solar Company Plead Guilty In Billion-Dollar Ponzi ScamThe owners of DC Solar, a Benicia-based company, pleaded guilty Friday to charges related to a billion-dollar Ponzi scheme used to finance luxury homes and automobiles, the purchase of a minor league baseball team and a sponsorship of a NASCAR team, federal officials said.
Federal Grand Jury In San Francisco Indicts Man In $15M Ponzi SchemeA 55-year-old Indio man was indicted Friday by a federal grand jury in San Francisco on charges related to a $15 million Ponzi scheme involving about 50 victims.
California Gets $15 Million In Bernard Madoff Fraud RecoveryThe lawsuit estimates there are more than 460 defrauded investors which would work out to reimbursements of about $32,600 each.
‘NSYNC, Backstreet Boys Creator Lou Pearlman Dies In PrisonPearlman, credited for starting the boy-band craze and launching the careers of the Backstreet Boys and ''NSYNC, has died in prison while serving a 25-year sentence for a massive Ponzi scheme...
Petaluma Man Accused In $20 Million Ponzi Scheme Delays Entering PleaThe Sonoma County District Attorney’s Office and California Attorney General Kamala Harris filed a 164-count complaint Thursday against a Petaluma man suspected of stealing $20 million from dozens of investors in an alleged securities fraud Ponzi scheme.
Petaluma Man Arrested In Multimillion Dollar Ponzi SchemeA Petaluma man who allegedly stole more than $20 million from dozens of investors in a Ponzi scheme has been arrested, Attorney General Kamala Harris and Sonoma County District Attorney Jill Ravitch announced Tuesday.
Ex-SF Lawyer Accused Of Defrauding Investors Of $7MRobert G. Tunnell, 72, of San Francisco, was indicted by a federal grand jury Thursday on seven counts of mail fraud, 13 counts of wire fraud and one count of money laundering.
San Francisco Man Charged In $25M Ponzi SchemeFederal prosecutors say a San Francisco man has been charged with defrauding investors of $25 million in a residential property Ponzi scheme.