The fraudulent investment program known as a Ponzi scheme entices investors with the promise of extremely high profits. The Ponzi scheme is named after Charles Ponzi, who gained popularity in the early 20th century for employing this method. It operates…[Continue Reading...]
A Florida man accused of running a Ponzi scheme that defrauded dozens of elderly and retired church members out of their life savings has been charged, the Securities and Exchange Commission (SEC) has announced. Brent Seaman — a currency trader…[Continue Reading...]
NEW YORK — A federal judge sentenced EminiFX CEO Eddy Alexandre to nine years in prison Tuesday in the cryptocurrency trading fraud that has upended the lives of tens of thousands of people who poured nearly $250 million into Alexandre’s…[Continue Reading...]
There is an old saying that if something seems too good to be true, it probably is. And this is also applies when looking to invest money. There are a range of investment options to look into – and some…[Continue Reading...]
March brings warmer weather, and everyone is spending more time outside — including salespeople. Now through September is prime time for door-to-door sales, so it’s a good time to form a plan for how you will respond if someone knocks…[Continue Reading...]
(CN) — Wells Fargo cannot evade responsibility for its role in a so-called "Mormon Ponzi scheme," a federal judge has ruled. U.S. District Judge Gloria M. Navarro denied the banking giant’s motion to dismiss class action claims for violations of…[Continue Reading...]
Some fraudsters are so good at their murky art they gain fame - with a few even getting movies or a TV show based on them. With the release of Julianne Moore's swindler caper Sharper, we've looked at the most…[Continue Reading...]
A $500 million fraud case in Las Vegas has Utah ties, and serves as a reminder that Latter-day Saints may be particularly vulnerable to financial predation by other church members. Driving the news: Federal investigators have accused Michael Beasley, Jeffrey Judd…[Continue Reading...]
Links appearing on this site are submitted by users. The Cult News Network does not necessarily endorse or recommend the linked articles.
Not all groups called either "cults" or "cult- like" are harmful. A link on this page does not necessarily imply that a group is a "cult" or is dangerous. ---
