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Greater Ministries International was an Evangelical Christian ministry that ran a Ponzi scheme in an affinity fraud that had taken nearly 500 million dollars from 18,000 people by the time it was shut down by federal authorities in August 1999. [1] Headed by Gerald Payne in Tampa, Florida, the ministry bribed church leaders around the United ...
Pyramid Publications. 1972 (John Frasca was a Pulitzer Prize-winning former investigative journalist at the Tampa Tribune, who became Glenn Turner's publicist) Olen, Helaine (27 February 2023). "Opinion This all-but-forgotten con man sold America on 'fake it till you make it' ". Washington Post. Archived from the original on 27 February 2023
In 2005, the year the Ponzi scheme allegedly began, Villegas earned $80,000 a year. In 2007, her salary had increased to $145,000. Villegas received two Swiss watches — a Rolex and a Breitling — from her "employer". Rothstein paid off her couch and a bedroom set and held title to her two Honda water scooters. Villegas was living in a ...
Last year, consumers lost nearly $8.8 billion to scams and fraud, according to the Federal Trade Commission.. From misleading social media ads to employment scams to fake dogs, the Better Business ...
Many pyramid schemes and MLM schemes emphasize the importance of recruiting new participants. Programs that emphasize recruiting participants, and paying a fee, to join the program are likely ...
The Djoser pyramid in Egypt is known as the oldest in the world at 4,700 years old. A new paper published in Archaeological Prospection calls that record into question with the strong claims of a ...
He was brought back to California, and in 2006 was convicted and sentenced to 30 years in prison by a federal judge. [8] Lewis was 60 years old. U.S. District Judge Cormac Carney also ordered him to pay $156 million in restitution. In imposing the statutory maximum of 30 years, Judge Carney described the scheme as a "crime against humanity ...
A federal grand jury has indicted a South Florida man on charges he allegedly scammed investors out of $880 million in a Ponzi scheme with promises of profits from a fake wholesale grocery business.