Search Results for: Ponzi scheme
Law Firms’ Accounts Pose Money-Laundering Risk
December 27th, 2016
Law Firms’ Accounts Pose Money-Laundering Risk Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say Tens of billions of dollars every year move through opaque law-firm bank ...
Alert: Beware of Facebook investment scam
November 28th, 2016
Facebook users are promised an $800 payout if they can refer two other people into the “Blessing Loom” and deposit at least $100. Showing signs of a classic Ponzi scheme, authorities and observers warn Facebook users not to join ...
Ex-Wall Street exec sentenced to jail in a $38 million investment fraud case
November 7th, 2016
An Ivy league-educated financier who defrauded friends, family and even a 9/11 victim’s relatives of more than $38 million to feed a gambling habit was sentenced Friday to four years in prison by a Manhattan federal judge. Andrew Caspersen, ...
Inexperienced Chinese investors are getting stung by fintech scams
September 8th, 2016
China is witnessing a fintech boom. Companies providing electronic payments, cryptocurrency trading and other online financial services there are not only mushrooming, they are among the biggest and most highly rated in the world. The Fintech 100, a ranking ...
The Pitfalls Of Buying Gold And Silver Online, And How To Avoid Them
April 4th, 2016
Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek’s story: How does $40M of Gold and Silver Disappear: The Collapse of Tulving Company Last week another one bit the dust: ...
Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent
March 31st, 2016
Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki ...
Chilean Police Probe Forex Firm Amid Allegations of Fraud
March 9th, 2016
Lawsuit against Santiago-based IM Forex was filed on Monday Lawsuit follows separate probe of AC Inversions last week Chilean police are probing a second firm that was offering high returns through leveraged bets in the foreign exchange market, one ...
Israeli investment company Utrade’s controlling shareholder Aviv Talmor was arrested
March 7th, 2016
Utrade controlling shareholder Aviv Talmor arrested. Talmor is suspected of fraud, running a Ponzi scheme, money laundering and managing investment portfolios without a license. Israeli investment company Utrade’s controlling shareholder Aviv Talmor was arrested by the Israel Securities Authority ...
Here’s what the future of bitcoin looks like — and it’s bright
February 15th, 2016
Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this ...
Court appoints provisional liquidator for Utrade
December 28th, 2015
Utrade’s controlling shareholder Aviv Talmor is believed to be in Cyprus. Adv. Elad Afari of Cohen, Wilchek, Kimhi & Co. has been appointed provisional liquidator of Utrade, in a hearing before Judge Eitan Orenstin in the Tel Aviv District ...
