Posts in Ponzi Scheme.

In yet another case of fraud targeting senior investors, the Securities and Exchange Commission (SEC) has charged William Neil "Doc" Gallagher, a Texas-based man touting himself as "the Money Doctor," in an emergency action to halt a sizeable Ponzi...

The SEC's Division of Enforcement continues its efforts to protect retail investors, gaining reparations for victimized investors in an action against yet another Ponzi scheme. At the end of January, the Securities and Exchange Commission (SEC) announced that the...

The Securities and Exchange Commission (SEC) announced in September a court order that halted what the SEC referred to as "an ongoing Ponzi-like scheme" that fraudulently collected more than $345 million from over 230 investors across the U.S. In...

58-year-old Arthur Lamar Adams pled guilty on May 9, 2018, to one count of wire fraud for his role in defrauding hundreds of investors in a Ponzi scheme involving more than $100 million, spanning a period of at least...

While at times the rigorous regulations imposed upon firms can seem burdensome, they exist for a reason - to help prevent violations of federal securities law. Bad actors, who are a staple of the modern era, are emboldened by the...

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