Ponzi scheme

Broker charged in astrology-based Ponzi scheme Fallback Image Decorative pattern

Industry

Broker charged in astrology-based Ponzi scheme

A former broker from Orlando, Fla. is being charged with defrauding 14 investors of more than $1 million in an astrology-based Ponzi scheme. The SEC alleges Gurudeo “Buddy” Persaud lured family, friends, and others into investing in his firm, White Elephant Trading Company, by guaranteeing their money would yield lofty returns of between 6% and […]

By Staff |June 22, 2012

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Jail time for Ponzi perp Fallback Image Decorative pattern

Industry

Jail time for Ponzi perp

It seems Bernie Madoff has company in the white-collar crime hall of fame. Texas banker Allen Stanford has been sentenced to 110 years in prison for operating one of the largest Ponzi schemes in history.

June 14, 2012

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Canadian ran U.S. Ponzi scheme, fined Fallback Image Decorative pattern

Economic Indicators

Canadian ran U.S. Ponzi scheme, fined

A U.S. District Court in New Hampshire entered final judgments last week against New Futures Trading International Corporation, a New Hampshire business, and Henry Roche for running a Ponzi scheme.

By Staff |May 30, 2012

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Nova Scotia pair sanctioned for Ponzi scheme Fallback Image Decorative pattern

Industry

Nova Scotia pair sanctioned for Ponzi scheme

The Nova Scotia Securities Commission has reciprocated a Florida District Court order with sanctions against Nova Scotia resident Robin States. States, also known as Gregory Hampton, was operating as Infinity Online Investors Group. The hearing against Bernadette Bowden, also known as Bernadette States, was adjourned to June 14, to give her an opportunity to consult […]

By Staff |May 18, 2012

2 min read