by Steven Weisman, Esq. | Sep 24, 2012 | Scam of the day, Site Related
Bernie Madoff, the foremost Ponzi schemer in history is now serving the third year of his 150 year sentence in a federal prison in North Carolina. His victims, many of whom lost their entire life savings have continued to feel the pain of his criminal acts However,...
by Steven Weisman, Esq. | Sep 13, 2012 | Scam of the day, Site Related
Recently Carmelo Provenzano and Daniel Dragan pleaded guilty to crimes related to operating a Ponzi scheme through which they scammed investors out of millions of dollars. They lured their victims into investing in two phony hedge funds “Caxton Capital Management”...
by Steven Weisman, Esq. | Jun 26, 2012 | Scam of the day, Site Related
The New York Attorney General just announced a settlement with Hedge Fund Manager Ezra Merkin, by which Merkin will pay 410 million dollars to victims of Bernie Madoff’s Ponzi scheme. Merkin was reportedly managing his clients’ investments by merely...
by Steven Weisman, Esq. | Jun 15, 2012 | Scam of the day, Site Related
Yesterday, R. Allen Stanford, the primary figure of the Stanford Financial Group was convicted of running a Ponzi scheme by which he stole 7 billion dollars through his Stanford International Bank based in Antigua. He was sentenced to 110 years which sounds like a...
by Steven Weisman, Esq. | May 21, 2012 | Scam of the day, Site Related
Three women have been arrested this week in San Francisco in a scam that has been targeting older Chinese women in San Francisco and other major cities throughout the country with sizeable Chinese populations such as Boston and New York. However, even though this...
