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Towers Financial Corporation was a debt collection agency based in Manhattan in New York City. [1] [2] Between 1988 and 1993, Towers Financial ran a Ponzi scheme that was the largest financial fraud in American history prior to Bernie Madoff's being uncovered.
James M. Davis (born 1948) is the former chief financial officer of Stanford Financial Group.On 27 August 2009 he pleaded guilty to charges of fraud and obstruction of Justice in relation to a $7 billion investment fraud Ponzi scheme allegedly run by the company. [1]
Robert Allen Stanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in 2012, having operated an eight billion dollar Ponzi scheme, [1] [2] [3] and is now serving a 110-year federal prison sentence.
Kenneth Ira Starr (born 1943/1944) is an American accountant and former money manager [1] convicted of running a $35 million Ponzi scheme with the money of numerous wealthy and celebrity clients.
Fair Finance Co. trustee Brian Bash alleged in a lawsuit filed in 2012 that Durham's mother, Mitza Durham, received more than $831,000 in "fraudulent transfers" from her son between 2006 and 2009 that needed to be repaid to the company estate. [13] In 2014, Mitza Durham agreed to repay Fair Finance Co. $500,000, plus interest. [14] [15]
"Fraudsters often make a small transaction first, so it falls under the radar in terms of affecting your balance," said Alisdair Faulkner, co-founder and CEO of financial fraud prevention startup ...
The scam appears to be an improved version of a prior phishing campaign first seen this past March, and impersonates American Express so well, and with such devious messaging, that it may ...
Martin Frankel, American former financier, convicted in 2002 of insurance fraud worth $208 million, racketeering and money laundering [25] G Anthony Gignac , a serial con man and fraudster who falsely took on the identity of Saudi prince Khalid bin Al Saud to entrap victims in investment scams and other schemes, currently serving an 18-year ...