An Ashe County businessman arrested last month by the FBI was operating a Ponzi scheme that defrauded investors of more than $35 million, according to court documents. Keith Franklin Simmons, the ...

Bernard Madoff went down in history as the mastermind behind the largest Ponzi scheme ever uncovered, defrauding investors of more than $65 billion. But what exactly did he do, and why did his case ...

Finance and investment experts have attributed the recurring cases of phony investment schemes to three main issues of financial illiteracy, greed and lack of culture of due process. Against the ...

Ponzi schemes and affinity fraud frequently overlap because both exploit trust and social interactions to operate effectively. A Ponzi scheme relies on a continuous stream of new investors to pay ...

The recent crash of CBEX, a digital asset trading platform that allegedly vanished with over ₦1.3 trillion, has once again exposed the vulnerability of Nigerians to fraudulent investment schemes. CBEX ...

Over the past decade, numerous fraudulent schemes in Nigeria have swindled billions of naira from unsuspecting investors through elaborate pyramid structures. These schemes lure participants with ...

Chainalysis partnered with the Spanish National Police in Operation Bonanza to dismantle an international Ponzi scheme that defrauded over 50,000 victims worldwide. This operation, which reportedly ...

RALEIGH, N.C. - Federal securities regulators have filed fraud charges and an emergency order to freeze the assets of a North Carolina company officials say operated a $600 million Ponzi scheme that ...