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Tag Archives: ponzi scheme

Defendant in $364 million Ponzi scheme case seeks dismissal of SEC charges

(Vladimir Cetinski / Depositphotos.com)

One of the defendants charged criminally in a $364 million Ponzi scheme is asking a federal judge to dismiss the Securities and Exchange Commission civil complaint or transfer the case to a different court. Jay B. Ledford is one of ...

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Ponzi scheme suspect paid $720K for prayers amid SEC probe

Dennis Boyle, left, and Blerina Jasari, lawyers for Dawn Bennett, walk outside the federal courthouse, Thursday, Oct. 11, 2018, in Greenbelt, Md. Authorities and a government witness say that Bennett cast paranormal spells and spent nearly three-quarters of a million dollars on prayers in a desperate attempt to avoid charges that she orchestrated a multimillion-dollar Ponzi scheme. (AP Photo/Michael Kunzelman)

An investment adviser charged with orchestrating a multimillion-dollar Ponzi scheme spent nearly three-quarters of a million dollars on prayers by Hindu priests in India to ward off a federal investigation and save her failing business, according to testimony at her trial this week.

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U.S. Attorney charges 3 in $364M Ponzi scheme

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Three men accused of defrauding hundreds of investors in a $364 million Ponzi scheme were arrested Tuesday and charged with wire fraud and money laundering. The U.S. Attorney’s Office in Baltimore announced the arrests Wednesday and unsealed a 14-count indictment ...

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TD Bank, accused of failing to report Ponzi scheme, pays $52.5M to settle

WASHINGTON — TD Bank is paying $52.5 million to settle U.S. civil charges after regulators accused the bank of failing to report suspicious activity in accounts linked to a $1.2 billion Ponzi scheme. The Securities and Exchange Commission and the ...

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