Search results
Results from the WOW.Com Content Network
The seeds of the scam are usually planted on websites or social media platforms in order for the thieves to build up trust over time. Once a relationship has been established and trust is created ...
All investments carry some degree of risk, but there's a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade...
Mutual Benefits Corporation was a Ft. Lauderdale, Florida based investment sales company that operated a huge ponzi scheme selling viatical settlements, with investors losing an estimated $835 million. The principal ring leader of the scam was Joel Steinger.
During the middle to late 1990s, Riddiough published research papers highlighting various aspects of commercial property development and investment, focusing on issues like option value to real estate development, [12] how government regulation limits investor flexibility, [13] and how imperfect asset valuation impacts competitive investment ...
In December 1992, MMM-Invest was created as a voucher investment fund, a type of entity created to collect privatization vouchers. [8] It was renamed Russ-Invest in May 1995, to distance it from the MMM scheme. [8] The MMM Ponzi scheme was launched in February 1994, [9] promising annual returns of up to 3000 %. [10]
For premium support please call: 800-290-4726 more ways to reach us
In the third and the biggest Philippine Ponzi scam (involving $150 million and $250 million, respectively), criminal charges, based on a suit filed by 21,000 complainants, were filed in June 2008, with the Department of Justice, against Performance Investments Products Corp (PIPC) officers and incorporators for violation of the Securities ...
For premium support please call: 800-290-4726 more ways to reach us