Recently, one of our national dailies reported with a bold headline: "EFCC Exposes 58 Ponzi Scheme Operators in Nigeria." ...

It's a question that echoes through conversations among frustrated Australians, especially younger generations who find ...

But what is a Ponzi scheme? And why does it bear this name? First, you need to know a little bit about its namesake, Charles Ponzi. Anyone can work a simple swindle, but you have ...

Where the former Investments and Securities Act (2007) had no clear penalties for Ponzi and illegal scheme operators, the new ...

Federal jurors convicted a New Jersey man on fraud and money laundering charges after his previous 24-year prison sentence over a Ponzi scheme was commuted by President Donald Trump in his first term.

The law stipulates that individuals found guilty of running Ponzi schemes will be liable to a minimum fine of N20 million, a jail term of at least 10 years, or both. A statement from the ...

He explained that previously, the SEC lacked the legal power to prosecute Ponzi scheme operators, which made it difficult to bring offenders to justice. However, under the new law, those convicted ...

Weinstein had pleaded guilty to a Ponzi scheme in January 2013 and was sentenced to 22 years. In 2014, he got another two years for his role in a separate fraud involving the initial public ...