Any money Todd Burkhalter received from these funds went to pay off other investors or for lavish personal purchases, including $2 million on a yacht, $2.1 million on a condo in Cabo San Lucas, Mexico ...

Financial advisor Todd Burkhalter pleaded guilty to running Georgia’s largest Ponzi scheme, defrauding 2,000 investors of $380M. Learn the red flags and how to protect yourself.

A federal judge just handed down a serious sentence in one of crypto’s bigger fraud cases. Ramil Palafox, CEO of Praetorian Group International, was sentenced to 20 years in prison for running a $200 ...

Ranchi Zonal Office, on Monday said it has filed a chargesheet before a Special PMLA Court against Maxizone Touch Pvt. Ltd. and its directors, Chander Bhushan Singh and Priyanka, in a large-scale ...

The CEO of a financial advisory empire accused of masterminding Georgia’s largest Ponzi scheme to fund a life of opulent extravagance has pleaded guilty to "shamelessly" bilking investors out of a ...

The Enforcement Directorate's Ranchi Zonal Office filed a chargesheet on Monday before the special court in Ranchi under the Prevention of Money Laundering Act (PMLA), against Maxizone ...

Money flowed to insiders, not crypto exchanges. Court says banks owe no duty to non-customers. A federal appeals court just told over 150 investors who lost $33 million in a crypto scam that their ...

A federal court in the United States has sentenced a former crypto CEO to 20 years in prison for orchestrating a $200 million Bitcoin fraud and Ponzi scheme.

The Enforcement Directorate's Jalandhar Zonal Office has provisionally attached movable properties in the form of four bank ...

That wasn’t much of a jail break. A convicted New Jersey Ponzi schemer who was sprung from prison after a pardon from President Trump during his first term is headed back to the slammer for running ...

Lucknow: A day after Enforcement Directorate registered an Enforcement Case Information Report (ECIR) under the Prevention of Money Laundering Act (PMLA) in Ponzi scheme fraud allegedly ran by ...