Protectionofapdepositors.com

Posted by Kathy Bazoian Phelps Below is a summary of the activity reported for January 2017. The reported stories reflect: 5 guilty pleas or convictions in pending cases; over 58 years of newly imposed sentences for people involved in Ponzi schemes...

The current economic hardship in Nigeria brought about by the country slipping into its worst recession in decades has pushed many youths into engaging in dubious money doubling schemes. The proliferation of such schemes continue despite the fact that...

Robert asks… Ponzi scheme and hedge funds.. mutual funds etc? My understand is that a Ponzi scheme is highly illegal because it takes money from new investors and uses that money as interest payment for past investors. So in actuality nothing is produced...

Charles Ponzi (Source - Wikipedia) A ponzi scheme is merely a name given to a scam, usually targeting investors and the financial sector with the sole purpose of convincing investors to part with their money usually into fraudulent schemes for the purpose...

Odds are, you’ve heard of Bernard Madoff. The once-storied investment manager enjoyed an illustrious career on Wall Street, even serving as the chairman of the NASDAQ stock exchange at one point, before his arrest...