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Nationwide Ponzi Schemes

Reports of Countrywide Ponzi Scheme Victims in the News

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  • Bernard Madoff -
    34 Topics
    41 Posts
    Last post by AmandaMod View the latest post
    Mon Dec 20, 2010 5:47 pm
  • Lou Pearlman
    Discussions related to the Louis J. Pearlman ponzi scheme from Florida.
    0 Topics
    0 Posts
    No posts
     
  • James Blackman Roberts
    Ran a PONZI scheme out of Heber Springs, Ark telling investors that he was getting high returns on investments by paying earlier investors with later investor's money.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Fri Jan 30, 2009 6:48 pm
  • Agape World Inc - Nicholas Cosmo
    A New York investment firm charged with defrauding at least 1,500 investors of more than $370 million.
    4 Topics
    5 Posts
    Last post by Theft_Loss_Expert View the latest post
    Thu Sep 30, 2010 12:07 pm
  • Joseph Forte
    Joseph Forte, a Philadelphia-area investment-fund manager and his firm, Joseph Forte LP, had been running a $50 million Ponzi scheme since at least 1995 that bilked charities and schools.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Thu Feb 12, 2009 4:21 pm
  • Norman Hsu
    0 Topics
    0 Posts
    No posts
     
  • Arthur Nadel - Scoop Management
    Florida-based Ponzi scheme.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Thu Apr 02, 2009 1:02 pm
  • John Sheldon Cotton
    Louisville, Kentucky stockbroker John Sheldon Cotton dupes 33 investors out of $3.2 million in Ponzi scheme.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Thu Feb 12, 2009 4:39 pm
  • Renaissance Asset Fund, Inc., Ronald J. Nadel - Joseph M. Malone
    A California-based corporation and its principals ran a scam that defrauded more than $16 million from more than 190 elderly investors nationwide.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Thu Feb 12, 2009 5:00 pm
  • Stephen Scott Alder - SSA Family Trust - SSA Services Inc
    Stephen Scott Alder of Utah defraudied numerous investors between January 1999 and May 2003 under business names that included "SSA Family Trust" and "SSA Services Inc."
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Thu Feb 12, 2009 5:07 pm
  • Christopher J. Warren - Loomis Wealth Solutions - WTL Financial
    Christopher Warren charged in connection with a $100-million fraud and Ponzi scheme alleged to have taken place at Loomis Wealth Solutions and WTL Financial.
    2 Topics
    4 Posts
    Last post by farscaper View the latest post
    Wed Dec 29, 2010 7:09 pm
  • Wextrust Capital, LLC
    Wextrust Capital, LLC (Wextrust), its principals, Steven Byers and Joseph Shereshevsky and four affiliated Wextrust entities conducted a massive Ponzi-type scheme from 2005 or earlier that raised approximately $255 million from approximately 1,200 investors. The targets of the fraudulent offerings are primarily members of the Orthodox Jewish community.
    5 Topics
    5 Posts
    Last post by farscaper View the latest post
    Mon Feb 16, 2009 6:55 pm
  • Allen Stanford - Stanford International Bank
    Stanford International Bank, through a network of SGC financial advisers, sold about eight billion dollars of "self-styled certificates of deposit" to investors by promising improbable and unsubstantiated high interest rate returns.
    21 Topics
    22 Posts
    Last post by camelye View the latest post
    Mon Jan 10, 2011 6:25 am
  • Guy W. Gane Jr. - Lorenzo Altadonna - Watermark Financial Services
    Watermark Financial Group’s Guy W. Gane Jr. promised investors that the Watermark debentures he and partner Lorenzo Altadonna were pushing would provide them with a fixed 10 percent annual return.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Tue Feb 17, 2009 7:09 pm
  • Richard S. Piccoli
    0 Topics
    0 Posts
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  • Charles Wesley Rhodes Jr.
    Charles Rhodes operated several investment companies, including Professional Practice Planning Services Inc., Resource Transactions Inc. and The Rhodes Company in Oregon. Rhodes lied and misled investors into thinking that their money was being invested in mutual funds, stocks and bonds.
    2 Topics
    2 Posts
    Last post by farscaper View the latest post
    Wed Feb 18, 2009 9:51 am
  • Marvin Cooper - Billion Coupons, Inc.
    Marvin Cooper and his company Billion Coupons, Inc. (BCI), both of Honolulu, Hawaii, were operating a Ponzi scheme that involved more than 125 customers - all of whom are Deaf - in connection with commodity futures trading and foreign currency futures (forex) trading.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Fri Feb 20, 2009 1:58 pm
  • Hughes Energy Inc. - Carl Royse - Jeanette Riley
    Through their Hughes Energy Inc., the pair fraudulently offered and sold oil and gas investments in the form of undivided fractional working interests in well projects to the general public nationwide from 2003 to 2007.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Wed Feb 25, 2009 6:42 pm
  • WG Trading Investors - Paul Greenwood - Stephen Walsh
    Greenwood, 61, and Walsh, 64, were charged with using WG Trading Investors and related companies as a “personal piggy bank” from 1996 to this year stealing $554 million from investors for luxury homes, cars, horses and collectible teddy bears.
    4 Topics
    4 Posts
    Last post by farscaper View the latest post
    Sun Mar 01, 2009 5:09 pm
  • Robert Cephas Brown Jr. - Duane Allen Eddings - Trebor Investment Company
    Robert Brown and Duane Eddings operated a $17-million Ponzi scheme that allegedly defrauded hundreds under the names Trebor Company, Trebor Investment Company, Trebor Seminars, Trebor group, Trebor Group Fund and Wise Investors Simply Excel LLC (WISE). "Trebor" is "Robert" spelled backward.
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Sun Mar 01, 2009 1:13 pm
  • Tom Petters - The Petters Group Worldwide
    Minnesota prosecutors have accused Tom Petters of running a business empire that was in fact a $3.5 billion Ponzi scheme.

    The Petters Group Worldwide business included Polaroid Corp. and Sun Country Airlines, as well as its financing arm, Petters Co. Inc.
    13 Topics
    13 Posts
    Last post by farscaper View the latest post
    Wed Oct 28, 2009 10:24 am
  • Charles Ponzi
    1 Topics
    1 Posts
    Last post by farscaper View the latest post
    Thu Apr 02, 2009 1:22 pm
  • Jon Harder - Sunwest Management
    The Securities and Exchange Commission accused Oregon-based Sunwest Management, which operates more than 200 U.S. retirement homes, and former CEO Jon Harder of concealing the risks of investments and exposing investors to "massive losses."
    2 Topics
    2 Posts
    Last post by farscaper View the latest post
    Wed Oct 14, 2009 12:42 pm
  • Scott Rothstein
    Scott Rothstein and George Levin sold investments purporting to be based on legal settlements.
    6 Topics
    6 Posts
    Last post by Theft_Loss_Expert View the latest post
    Mon Nov 08, 2010 3:13 pm
  • William J. Wise - Millennium Bank
    William J. Wise and several associates ran a Ponzi scheme through Millennium Bank and its affiliates. The bank, which took in more than $246 million since 2006, was based in the eastern Caribbean nation of St. Vincent and the Grenadines.
    1 Topics
    3 Posts
    Last post by Theft_Loss_Expert View the latest post
    Mon Sep 20, 2010 12:32 pm
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