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Ponzi
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
5 Strategies That Drive Engagement for Financial Brands
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
5 Strategies That Drive Engagement for Financial Brands
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Regulation
CFTC Charges Dorian Garcia With $17.5m in Fines after FX Ponzi Scheme
A series of fines combined to form a $17.5m penalty against Garcia for swindling investors in a commodity and FX scheme.
Wednesday, 06/07/2016 | 10:01 GMT
by
Jeff Patterson
Regulation
Former Football Star Among Athletes Duped out of $30m in Ponzi-Like Scheme
Narayan gained the athletes' trust through their charitable interests and hid multiple conflicts of interest from investors.
Wednesday, 22/06/2016 | 12:13 GMT
by
Finance Magnates Staff
Regulation
SEC Stops Scheme Defrauding Athletes Dead in its Tracks
The SEC has charged an investment adviser with secretly siphoning millions of dollars from accounts he managed for athletes.
Wednesday, 22/06/2016 | 07:16 GMT
by
Finance Magnates Staff
Regulation
Chilean IM Forex Lawyers-Up to Defend Against Money Laundering Accusations
Fiscal authorities in Chile that are withholding funds of the company have changed the nature of their accusations.
Tuesday, 14/06/2016 | 23:14 GMT
by
Victor Golovtchenko
Retail FX
Koch Brothers Refuse to Pay Back Madoff Ponzi Profits
The brothers walked off with $21.5 million in profits but have refused legal demands to pay back the money.
Friday, 03/06/2016 | 13:02 GMT
by
Finance Magnates Staff
Brokers
Chilean Authorities Freeze $1.8m of IM Forex Assets amid Investigation
The company protested the decision in a press release and claims that the money was designated to repaying clients.
Thursday, 02/06/2016 | 14:32 GMT
by
Victor Golovtchenko
Regulation
SEC Charges Ponzi Scheme Operators for Luring Middle Class Investors
The Ponzi scheme operators promised access to highly coveted investment opportunities typically reserved for the rich.
Wednesday, 01/06/2016 | 07:20 GMT
by
Finance Magnates Staff
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Regulation
City of London Police Seize £30m and Arrest Man Linked to Forex Scam
Suspicious banking activity led to the man's arrest and seizure of the funds.
Monday, 25/04/2016 | 14:54 GMT
by
Steven Hatzakis
Regulation
Fraudulent Currency Trader Sentence Extended Two Years
Philip Boakes of currency-trader.co.uk receives further prison sentence as confiscation order remains unpaid.
Tuesday, 15/03/2016 | 21:14 GMT
by
Finance Magnates Staff
Regulation
Chilean Ponzi Scheme Worth $75 million Allegedly Connected to a Forex Company
AC Inversiones or AC Investments promised outrageous returns to 1500 people.
Tuesday, 08/03/2016 | 16:04 GMT
by
Victor Golovtchenko
Regulation
Whileon Chay's 4X Solutions Ponzi Scam Hit with $10m Court Order
Millions of dollars Chay raised for FX trading were reportedly actually used to have his wife cryogenically frozen after she died.
Monday, 08/02/2016 | 19:40 GMT
by
Avi Mizrahi
Regulation
London Police Suspect £50m CWM Investment Scam as Damages Widen
CWM is believed to have targeted members of the Gurkha and Nepalese community in London in a ponzi scheme worth nearly £50m.
Thursday, 04/02/2016 | 15:40 GMT
by
Jeff Patterson
P2P Lending
Fraud on a Chinese Scale: 900,000 Investors Deprived of $7.6 billion
Chinese fraudsters scammed almost 1 million investors of a year's salary.
Tuesday, 02/02/2016 | 15:06 GMT
by
Victor Golovtchenko
News
Lawyer: Trendon Shavers Was Scapegoat for SEC's Madoff Ponzi Miss
The lawyer representing the man accused of running the first Bitcoin Ponzi says his client was the target of unjustified zeal from the SEC.
Monday, 21/12/2015 | 15:46 GMT
by
Leon Pick
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Trading
Did Chinese Traders Flocking to MMM Ponzi Cause Bitcoin Bubble?
Currently at 2620 CNY ($414), the "China premium" is now roughly 6.5% higher than the $380 mark on USD exchanges.
Friday, 06/11/2015 | 00:38 GMT
by
Leon Pick
Regulation
American FX Fund CEO Sent to Jail for Running a Ponzi Scheme
Stafford Maxwell, founder of Millennium Capital, was sentenced to almost four years and ordered to pay about $1.5 million in restitution.
Thursday, 03/09/2015 | 08:05 GMT
by
Avi Mizrahi
Regulation
ACM Gold's Trading License Suspended over Links to Dodgy Entities
The South African regulator asserts that the broker must ensure that all of its traders are authorised, while ACM denies any wrongdoing.
Friday, 28/08/2015 | 14:30 GMT
by
Andy Traveller
News
2 Suspects in MyCoin Bitcoin Ponzi Scheme Reportedly Arrested in Thailand
Two suspects in the Hong Kong-based MyCoin bitcoin Ponzi scam have reportedly been arrested in Thailand.
Tuesday, 25/08/2015 | 11:34 GMT
by
Leon Pick
Regulation
Black Diamond Forex Scammers Fined $76 Million
The fraudsters took over $35 Million from investors but never really traded on the FX market.
Sunday, 02/08/2015 | 09:00 GMT
by
Avi Mizrahi
News
20 Arrested in Spanish Digital Currency Ponzi Scam ‘Unete’
Spanish police have arrested 20 people in connection with a Ponzi scam based on a digital currency, ‘unete’.
Sunday, 19/07/2015 | 11:40 GMT
by
Leon Pick
Regulation
Millennium Capital Exchange CEO Charged with Running Ponzi Scheme
Both US and UK regulators have vowed to hold individuals accountable for financial crime.
Monday, 29/06/2015 | 21:47 GMT
by
Andy Traveller
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Brokers
Offshore Brokerage Operating in Ukraine and Russia Goes Under
As first reported by Finance Magnates Russia, the exodus of the Eastern European forex industry is continuing with RVD Markets
Tuesday, 23/06/2015 | 07:25 GMT
by
Victor Golovtchenko
Analysis
Best Execution, Greece and How to Attract Investors #Askfinmag
Finance Magnates answers to readers questions about the Greek crisis, spread betting and how traders can attract investors
Monday, 11/05/2015 | 07:33 GMT
by
Victor Golovtchenko
Regulation
Currency Trader Arrested in London on Suspected Links to Ponzi Scheme
The City of London Police suspects a linkage to a globally operating Ponzi scheme which has solicited millions from over 375 investors
Thursday, 30/04/2015 | 07:53 GMT
by
Victor Golovtchenko
Regulation
Forex Ponzi Scheme Fraudster Fined $5.5 mln after Losing Pooled Funds
James Harvey Mason who ran unregistered funds ‘The JHM Forex Only Pool’ and ‘Forex Trading at Home’ still awaits a criminal act verdict
Thursday, 30/04/2015 | 06:37 GMT
by
Victor Golovtchenko
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