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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Ponzi scheme

Ponzi scheme stories: 247 news summaries

241 - 247 of 247 Stories | << Prev 1 ... 9 10 11 12 13

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 Boy-Band
 Promoter to
 Repay $300M 

Court assesses damages of boy band promoter's ponzi scheme

Jul 16, 08 1:47 PM CDT
(AP) - Lou Pearlman and federal authorities have finally agreed on how much the former boy band promoter swindled from banks and investors in a decades-long scam: a staggering $300 million. That's how much the creator of the Backstreet Boys and 'N Sync will have to pay, at a minimum, in restitution... More »

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prosecutor • Ponzi scheme • fine • N'Sync • Lou Pearlman • Backstreet Boys

 Bridge 'Suicide' Ruled Fugitive 

Hedge fund founder on the lam: marshals

Jun 17, 08 3:57 AM CDT
(Newser) - A New York hedge fund manager who bilked investors out of $400 million has been declared a fugitive by federal authorities, reports Bloomberg. "Suicide has been ruled out,'' said a spokesman for the US Marshals Service. Samuel Israel disappeared the day he was scheduled to begin a 20-year... More »

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suicide • New York Stock Exchange • Ponzi scheme • Samuel Israel • Bayou Group • U.S. Marshals Service • hedge funds

 Hedge Fund Fraud 
 Gets 20 Years 

Samuel Israel denied leniency in $400M investor 'ponzi scheme'

Apr 14, 08 4:45 PM CDT
(Newser) - The founder of defunct hedge fund Bayou Group was given a 20-year prison term today for bilking investors out of more than $400 million, Bloomberg reports. Samuel Israel must also pay $300 million in restitution for masterminding a “ponzi scheme” in which investment returns were paid with new investors’... More »

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fraud • prison • hedge fund • Ponzi scheme • white collar crime • Samuel Israel • Bayou Group • defrauding investors

Lehman Sues to Reclaim $350M Lost in Swindle

Says 2 workers at Japanese trading firm  ran a Ponzi scheme

Mar 31, 08 8:15 AM CDT
(Newser) - Lehman Brothers is suing Japanese trading company Marubeni, seeking to recover $350 million lost in a scam apparently engineered by two of the company’s employees. The scheme involved forged documents purportedly bearing a board member’s seal and two meetings at Marubeni headquarters, including one with an impostor posing... More »

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Tokyo • Lehman Brothers • Ponzi scheme • investment banks • Marubeni Corp.

Former Clinton Backer Charged in $60M Scam

Also indicted on election law crimes; could get 20 years

Dec 4, 07 6:08 PM CST
(Newser) - Shadowy fundraiser Norman Hsu was charged in New York today with running a $60 million "Ponzi" scam, Bloomberg reports. A grand jury also indicted him for mail fraud, wire fraud, and breaking election laws; he could get 20 years on some counts. In the "Ponzi" scheme, the former... More »

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scam • Ponzi scheme

Hsu Hit With Another Fraud Suit

California investors say he swindled them and coerced contributions

Sep 22, 07 11:03 AM CDT
(Newser) - In the latest legal woes to befall disgraced fundraiser Norman Hsu, a California investment company filed a lawsuit yesterday claiming he defrauded investors out of $23 million and demanded political contributions as a prerequisite for doing business. The allegations come a day after the feds filed criminal complaints against Hsu,... More »

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Hillary Clinton • fundraiser • Norman Hsu • Ponzi scheme

Hsu Swindled Investors of $60M: Feds

'Ponzi scheme' bizman sought to be part of celeb campaign circuit

Sep 21, 07 3:19 AM CDT
(Newser) - Businessman Norman Hsu swindled $60 million from investors across the country and made illegal campaign contributions to Hillary Clinton and others, federal prosecutors say. In a criminal complaint unsealed in Manhattan yesterday, the feds say Hsu broke US election law by reimbursing some of the political donors who participated in... More »

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fundraiser • Norman Hsu • Federal Election Law • campaign fundraising • Ponzi scheme • political donors

241 - 247 of 247 Stories | << Prev 1 ... 9 10 11 12 13


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