Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers September 21, 2021 By Jonathan Stempel A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest...
Mastermind of Largest Known Ponzi Scheme, Bernie Madoff, Dies in Prison at 82 April 14, 2021 By Jonathan Stempel and Bill Trott NEW YORK — Bernard Madoff, who for decades masqueraded as a successful and trustworthy Wall Street kingpin before admitting to...
Former Ohio Insurance Agent and Investment Adviser Gets 5 Years for Fraud Scheme June 26, 2019 Former Dayton, Ohio-area insurance agent and investment adviser has been sentenced to five years in prison after being convicted of...
Pennsylvania Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam May 1, 2017 By Joe Mandak An insurance agent pleaded guilty Thursday in a promissory note scam that bilked nearly 80 clients out of $8.2 million....
Ex-Insurance Agent in East Texas Sentenced to 3 Years for Fraud April 21, 2016 A former insurance agent in East Texas must serve three years in prison for running a $5 million medical investment...
Former Texas Agent Pleads Guilty to Fraud, Faces 20 Years in Prison November 30, 2015 A 64-year-old former Texas insurance agent has pleaded guilty to wire fraud and money laundering, federal prosecutors say, and faces...
Former Insurance Agent Arrested in Alleged $21M Movie Investment Scheme September 17, 2015 A former insurance agent one of two people who have been charged with operating a Ponzi scheme allegedly bilking investors...
Feds: Wisconsin Insurance Agent Ran $10M Ponzi Scheme February 3, 2015 The U.S. Securities and Exchange Commission is alleging a Watertown, Wis., insurance agent ran a $10 million Ponzi scheme out...
Southern California Agent Sentenced For Ponzi Scheme April 15, 2014 Michael Zuno Zuniga, 43, of Fullerton, was sentenced to five years in Los Angeles County Jail and ordered to pay...
3 Nebraska Insurance Execs Sent to Prison for Investment Scheme October 25, 2012 Three people, including two principals of an insurance firm, who were convicted in a fraudulent Nebraska investment scheme have been...