Ponzi Scheme
China Busts US$8 Billion Online Investment Scam
| Mars Woo | | Feb 01, 2016 02:56 AM EST |
Chinese authorities have arrested 21 people who were allegedly involved in one of the biggest online investment scams in the country, which has duped nearly a million investors.
Las Vegas Investment Executive Indicted for Running $1.5 Billion Ponzi Scheme Targeting Japanese Nationals
| Kwao Peppeh | | Jul 10, 2015 11:17 AM EDT |
U.S. authorities on Thursday arrested the head of a Las Vegas investment company for running a $1.5 billion Ponzi scheme which targeted thousands of Japanese investors for four years until its exposure in 2013.
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