Dallas Businessman Sentenced to Prison Over Oil and Gas Ponzi Scheme

Dallas, TX businessman Alan Todd May gets 20 years in prison for Ponzi scheme where investors lost $7M in fake mineral interests from Prosper Oil & Gas, Inc.

Former Dearborn Man Arrested on Charges of Investor Fraud

Former Dearborn, Michigan man and citizen of Iraq, Ahmed Alabad, arrested over $1B ponzi scheme, affinity investment fraud targeting investors of Iraqi descent

Futures Broker, Currency Dealer Sued for Facilitating Cook Ponzi Scheme

Chicago futures broker and currency dealer Peregrine Financial Group (PFG) sued over Cook’s $194 M ponzi scheme; considered second largest fraud in Minnesota

Operation Broken Trust Leads to 52-Month Sentence for Michigan Woman in One Million dollar Ponzi Scheme Case

Candice Campbell, of Canton, Michigan, ordered to repay $700,000 and receives a 52-month prison sentence for Ponzi scheme that defrauded investors out of $1Mil

Illinois Man Sentenced to More Than 5 Years in Prison for $9 Million Dollar Ponzi Scheme

Algrid M. Norkus (Illinois)gets 63 month prison sentence, ordered to pay $4.5 million in restitution for mail fraud charges related to $9 million Ponzi scheme

Arraignment Scheduled in California PTA Moms’ Alleged Ponzi Scheme Case

Three California women, Barajas, Menefee and Perez, were charged with 22 felony counts of theft and securities fraud over an Alta Dena Dairy Ponzi scheme.

Operators of Michael Franks LLC Charged with Running $16 Million Ponzi Scheme

Last week, Michael Morawski and Frank Constant were charged in federal court with operating an alleged $16 million Ponzi scheme.

Edward May Pleads Guilty to $35 Million Ponzi Scheme

Edward May, founder of E-M Management Co. LLC, pled guilty last week to a ten-year, $35 million, multi-state Ponzi scheme.

Ponzi Schemer Arthur Nadel to be Profiled Tonight on CNBC’s “American Greed”

Tonight's "American Greed" will profile convicted Ponzi schemer Arthur Nadel in a special episode entitled "The Wizard of Sarasota."

SEC Charges AIC and President/CEO Skaltsounis with Multi-Million Dollar Offering Fraud and Ponzi-Scheme

The SEC filed charges against AIC, Inc. and others last week for an alleged multi-million dollar offering fraud and Ponzi scheme.

Utah Businessman Sentenced in $180 Million Ponzi Scheme: State’s Largest Financial Fraud Case Ever

Sales agent William J. Hammons, of St. George, Utah, was sentenced to one year in jail and 10 years of probation for his role $180 million Ponzi scheme.

Des Plaines Man Pleads Guilty to Defrauding Muslim Community in $40 Million Ponzi Scheme

Amjed Mahmood pled guilty to bank fraud, mail fraud, and conspiracy to commit wire fraud in connection with a $40 million Ponzi scheme.

Missouri Man Pleads Guilty to $2.2 Million Ponzi Scheme

Missouri man Carl R. Todd, of CRT Enterprises, pleaded guilty for his involvement in a Ponzi scheme that cost 31 investors millions of dollars.

Fox Lake Man Gets 4.5 Years for Ponzi Scheme

Joseph A. Dawson was sentenced this week to four-and-a-half years in prison for his role in a $3.3 million Ponzi scheme that defrauded two dozen investors.

More Charged in Twin Cities $194 Million Ponzi Scheme

The SEC brought charges against Jason “Bo” Alan Beckman on Monday for his alleged role in a $194 million Ponzi scheme.

Florida Resident Sentenced for Purported $10 Million Ponzi Scheme

Ponzi schemes are a common form of financial fraud, costing investors billions of dollars in losses each year. Read this article to learn about the recent sentencing of defendant Patrick Rakotonanahary of Florida and his alleged $10 million Ponzi scheme. While on our website, order your FREE copy of renowned securities and investment fraud attorney David P. Meyer’s book, Five Signs of Investment Fraud and What to Do if it’s Happened to You.

TD Bank Purportedly Utilized in Rothstein Ponzi Scheme

Ponzi schemes are a common form of financial fraud, costing investors billions of dollars in losses each year. Read this article to learn about new developments involving defendant Scott Rothstein and alleged fraudulent activities pertaining to officials at TD Bank. While on our website, order your FREE copy of renowned securities and investment fraud attorney David P. Meyer’s book, Five Signs of Investment Fraud and What to Do if it’s Happened to You.

Tucson Resident Charged with Ponzi Scheme, Fraud Allegations

Ponzi schemes are a common form of financial fraud, costing investors billions of dollars in losses each year. Read this article to learn about a recent alleged Ponzi scheme involving defendant Anthony Eugene Linton and his company, The Private Trading Pool. While on our website, order your FREE copy of renowned securities and investment fraud attorney David P. Meyer’s book, Five Signs of Investment Fraud and What to Do if it’s Happened to You.

Alleged Panama City Ponzi Scheme Promised 12 Percent Returns

Ponzi schemes are a common form of financial fraud, costing investors billions of dollars in losses each year. Read this article to learn about recent Panama City Ponzi scheme allegations involving defendant Harrison Jones. While on our website, order your FREE copy of renowned securities and investment fraud attorney David P. Meyer’s book, Five Signs of Investment Fraud and What to Do if It’s Happened to You.

Chicago-Area Man Charged with Running $105 Million Ponzi Scheme

Daniel Spitzer, of Barrington, Illinois, was charged last Thursday with eight counts of mail fraud, according to a Feb. 11 DOJ press release. Prosecutors allege that Spitzer defrauded over 400 investors through the operation of a $105 million Ponzi scheme and investment fraud. The criminal indictment alleges that Spitzer controlled 12 investments funds (referred to as “the Kenzie Funds”) through several corporate entities, which included: Kenzie Financial Management; Kenzie Services, LLC; Draseena Funds Group, Corp.; DN Management Company, LLC; and Nerium Management Company. It is further alleged that Spitzer made false representations to potential investors about the funds, including that the funds had never lost money and that the 12 different funds had different levels of risk and different investment strategies. Allegedly, investors were also told that over the previous five-year period the funds had returned rates of 4.52 percent to 13.54 percent. (As reported in the press release, the actual total net rate of return for “the Kenzie Funds” was approximately 1 percent.) The indictment also alleges that Spitzer commingled investor monies from the different “Kenzie funds,” misappropriated the majority of investor monies, and used investment money from new investors to make Ponzi payments to older investors. In June of last year, the SEC charged Spitzer with fraud. An emergency order freezing his assets was obtained. If convicted of the current charges, Spitzer could face up to 20 years in prison and a $250,000 fine for each of the eight counts of mail fraud. His arraignment date was not announced but will be held in U.S. District Court. About our law firm: The law firm of David P. Meyer & Associates represents individuals across the country who have been harmed by investment fraud. All our cases are handled on a contingency fee and we never request a retainer of any kind. Contact us toll-free at 1.866.429.2360 for more information or complete the online form on the top of this page and we will respond promptly.

Ringleader of Alleged Ponzi Scheme Charged with 4,000 Counts of Fraud

Ponzi schemes are a common form of financial fraud, costing investors billions of dollars in losses each year. Read this article to learn about a recent alleged Ponzi scheme involving defendant Goodman Goqo and his company, Ingede Mineral Holdings. While on our website, order your FREE copy of renowned securities and investment fraud attorney David P. Meyer’s book, Five Signs of Investment Fraud and What to Do if It’s Happened to You.

Alleged Propagator of 20 Year NY Ponzi Scheme Sentenced

Ponzi schemes are common forms of financial fraud. Read this article to learn about the recent sentencing of defendant Jay Hoffman with alleged connections to a multi-million dollar NY Ponzi scheme. While on our website, order your FREE copy of renowned securities and investment fraud attorney David P. Meyer’s book, Five Signs of Investment Fraud and What to Do If It’s Happened to You.

Alleged Mastermind Behind Mona Shores Public School Ponzi Scheme Arrested

Ponzi schemes are common forms of financial fraud. Read this article to learn about recent Mona Shores Public School Ponzi scheme allegations involving defendant Dante DeMiro. While on our website, order your FREE copy of renowned securities and investment fraud attorney David P. Meyer’s book, Five Signs of Investment Fraud and What to Do If It’s Happened to You.

Winans Alleged Ponzi Scheme Swindled Millions from Churchgoers

Read this article to learn about a Ponzi scheme recently uncovered in relation to the Winans Gospel Music Group. While on our website, order your FREE copy of renowned securities and investment fraud attorney David P. Meyer’s book, Five Signs of Investment Fraud and What to Do If It’s Happened to You.

Fugitive Couple Arrested for Ponzi Scheme

A fugitive couple has been arrested in Kingman, Arizona, for allegedly running a Ponzi scheme involving investors from Hawaii. The alleged investment scam was run under Aloha Trading.