Ponzi Scheme

A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from product sales or other means, and they remain unaware that other investors are the source of funds.

(source: en.wikipedia.org)

Ponzi Schemes Are Alive and Kicking
Ponzi Schemes Are Alive and Kicking
April 04, 2017  |  Security & Fraud

The art of deceiving people out of money is nothing new. Dating back to the twentieth century with Charles Ponzi, Ponzi schemes have been used...

READ MORE >
Beijing Starts Prosecuting Individuals Behind Huge P2P Lending Scam
Beijing Starts Prosecuting Individuals Behind Huge P2P Lending Scam
December 19, 2016  |  International

Beijing has started prosecuting 26 people who are behind what is alleged to be China’s largest online fraud scam. According to a report by Reuters, the...

READ MORE >
Former NFL Player Arrested On $10M Ponzi Scheme Charges
Former NFL Player Arrested On $10M Ponzi Scheme Charges
August 12, 2016  |  Security & Fraud

Former Philadelphia Eagles player Merrill Robertson Jr. may not be playing football, but he’s being accused of playing investors in a Ponzi scheme. Fortune reported...

READ MORE >
China’s Online Lending Crackdown Reveals Ponzi Scheme
China’s Online Lending Crackdown Reveals Ponzi Scheme
May 17, 2016  |  Security & Fraud

It was revealed on Monday (May 16) that Chinese wealth management firm Zhongjin Capital Management has actually been used to operate a Ponzi scheme. The...

READ MORE >
Swindled Madoff Investees Pocket Another $1.2 Billion In Payout No. 6
Swindled Madoff Investees Pocket Another $1.2 Billion In Payout No. 6
December 07, 2015  |  Regulation

Holiday presents may be coming early for victims of Bernard Madoff’s infamous and massive Ponzi scheme. The distribution of the $1.2 billion payout began on...

READ MORE >