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In May 2012, Joseph Blimline was sentenced to 20 years in federal prison for operating two oil and gas Ponzi schemes. He operated a Ponzi scheme from 2003 to 2005 in Michigan, netting over $28 million. He then operated a Ponzi scheme in Texas, using a company called Provident Royalties, that lasted from 2006 to 2009 and netted over $400 million ...
Jefferson County Commissioner Chris McNair (D) convicted of bribery (2006) [7]; Mayor of Birmingham Larry Langford (D) was sentenced on March 5, 2010, to 15 years in prison for conspiracy, bribery, fraud, money laundering, and filing false tax returns in connection with a long-running bribery scheme.
Charles Ponzi (1882–1949): Italian swindler and con artist; "Ponzi scheme" is a type of fraud named after him. [14] Soapy Smith (1860–1898): American con artist and gangster in Denver and Creede, Colorado and Skagway, Alaska, in the 1880s and 1890s [15]
State Representative Ed Henry (R) convicted of fraud. (2019) [1] State Representative Micky Hammon (R) was convicted of fraud (2017) [2] State Representative Oliver Robinson (D) was convicted of bribery. (2017) [3] Roy S. Moore (R) Chief Justice of the Alabama Supreme Court, was found guilty of six violations by the Alabama Court of the ...
A South Florida woman is being sentenced to 20 years for leading a $190.7M Ponzi scheme — victims were ‘blindsided’ and ‘devastated.’ Here’s how it worked and how to spot similar scams.
In 2008, R.P. McCabe and his wife were heading into retirement with a solid financial future that included a $1 million investment in real estate with Right Place Properties and the Red Door Group ...
Petters Group Worldwide was an American diversified company based in Minnetonka, Minnesota that was turned into a $3.65 billion Ponzi scheme by its founder and CEO, Tom Petters. It had 3,200 employees and investments or full ownership in 60 companies, of which it actively managed 20, with offices in North America, South America, Asia, and ...
Bernard Madoff, creator of a $65 billion Ponzi scheme, the largest investor fraud ever attributed to a single individual Matt the Knife , American con artist, card cheat and pickpocket; from age approximately 14 through 21, stole from dozens of casinos, corporations and at least one Mafia crime family.