by Steven Weisman, Esq. | Aug 9, 2022 | Scam of the day
Convicted Ponzi schemer Bernie Madoff who stole 50 billion dollars from unsuspecting victims may be the last person from whom you would accept investing advice, but in fact, his advice, as contained in a 2014 jailhouse interview Madoff gave to the Wall Street Journal...
by Steven Weisman, Esq. | Apr 20, 2022 | Scam of the day
Recently the Securities and Exchange Commission (SEC) sued Kay Yang of Wisconsin alleging she defrauded Hmong-American investors out of 16.5 million dollars. The Hmong are an ethnic group native to China and Southeast Asia. According to the SEC, Yang, an investment...
by Steven Weisman, Esq. | Mar 11, 2022 | Scam of the day
Convicted Ponzi schemer Bernie Madoff who stole 50 billion dollars from unsuspecting victims may be the last person from whom you would accept investing advice, but in fact, his advice, as contained in a 2014 jailhouse interview Madoff gave to the Wall Street Journal...
by Steven Weisman, Esq. | Feb 8, 2022 | Scam of the day
Ponzi schemer Perry Santillo, known as “King Perry” was sentenced to 17.5 years in prison for his role in a Ponzi scheme he had been involved with since 2007 that stole 115 million dollars from more than a thousand investors, man of whom were elderly. His...
by Steven Weisman, Esq. | Nov 12, 2021 | Scam of the day
Earlier this week, Jeff Carpoff was sentenced to the maximum sentence of thirty years in prison for operating a Ponzi scheme in which he scammed investors in his phony mobile solar generator business. Carpoff lured investors with falsified financial statements and...
