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.