Assistant U.S. Attorneys Ryan Arash Rezaei and Benjamin J. Wolinsky are prosecuting the case with the assistance of Lynette Dixon. The prosecution is the result of an investigation by the FBI and ...

The 77-year-old suspect was based in Alamo and Danville and was the owner of Foundation Financial Group, which provided ...

The UK holds over 61,000 seized Bitcoin, currently worth around $6.7 billion, stemming from a Chinese Ponzi scheme busted in ...

Edwin Lickiss Jr. allegedly raised at least $9.5 million through the sale of fictitious bonds promising high returns.

Some of the dozens of victims had invested their life savings in the Randolph couple's $3.2 million Ponzi scheme, the U.S.

A federal grand jury indicted 77-year-old Edwin Emmett Lickiss, Jr., on one count of wire fraud and one count of money ...

Two North Alabama elected officials say they have now sent back campaign contributions they received from a Georgia-based ...

Three banks and a financial software company that remain as defendants in a lawsuit over a cryptocurrency-based Ponzi scheme ...

Thomas Petters orchestrated a $3.7 billion Ponzi scheme using empty warehouses and fake purchase orders to dupe sophisticated ...

His name is synonymous with massive fraud. Now, a new podcast. "Easy Money: The Charles Ponzi Story," delves into how and why he created the type of scam that is still perpetrated today.

Today, Congressman David Scott (GA-13), a senior member of the House Financial Services Committee, sent a letter to Se ...

Kentucky investors sue three banks after Brian McClain's $100 million cattle Ponzi scheme was uncovered following his suicide ...