Georgia Ponzi Scheme Victims Await Slow Recovery
#PonziScheme #FinancialFraudInvestors await $140M from an alleged Georgia Ponzi scheme seven months after its collapse. A court-appointed receiver is slowly recovering assets, while political fallout continues and state regulators face scrutiny over their oversight. read more
Former Pharmacist Gets Life for Husband's Murder in Ponzi Scheme
#PonziScheme #MurderCrimeNatalie Cochran, a former pharmacist, was sentenced to life in prison for murdering her husband with a lethal injection to conceal a Ponzi scheme inspired by the movie "War Dogs." The scheme swindled millions from investors, leading to her conviction for first-degree murder. read more
Bernie Madoff Victims to Receive Final $4.3 Billion Payment
#Madoff #PonziSchemeThe Madoff Victim Fund has made its final payment to over 40,000 victims globally, recouping 93% of their losses. Small investors who lost less than $500,000 in the scheme, including individuals, schools, charities, and pension plans, have been compensated. read more
Bernie Madoff Victims Receive 94% of Losses in Final Payouts
#BernieMadoff #PonziSchemeThe Justice Department distributes final payments to victims of Bernie Madoff's Ponzi scheme, recovering 94% of their losses, totaling over $4.3 billion. Madoff, sentenced to 150 years in prison, used his wealth management business to steal billions from clients, including high-profile individuals. read more
Wife of Celebrity House Flipper Accused of Destroying Evidence
#JenniferIturralde #PonziSchemeJennifer Iturralde Pina, wife of celebrity house flipper Cesar Pina, destroyed evidence of a Ponzi scheme by smashing her phone with a hammer as the FBI waited outside to seize it. The scheme involved bogus real estate purchases and bilked investors. read more
Man Accused of Running Ponzi Scheme Defrauding Investors Millions
#ChurchFraud #PonziSchemeA previously convicted con artist dubbed the 'Modern-day Moses' was sentenced to seven years for defrauding churchgoers and is now accused of running a Ponzi scheme under a new alias as a 'life coach.' read more