All posts tagged "Ponzi Scheme"

An renowned art advisor whose past clients include Leonardo DiCaprio has been accused of a Ponzi scheme, The Daily Beast reports.

Lisa Schiff is accused of failing to pay two clients $1.8 million after she brokered the sale of a painting, according to a lawsuit plaintiffs filed Thursday in New York Superior Court.

Candace Barasch, a real-estate heiress, and Richard Grossman allege that Schiff is “running a Ponzi scheme” after she brokered the sale of Adrian Ghenie’s "The Uncle 3" at Sotheby’s in Hong Kong for $2.5 million without paying them their full shares....

The U.S. government-overseen fund for victims bilked by Bernard Madoff's massive Ponzi scheme has received more than 50,000 claims worldwide topping $40 billion, the fund's chief said Tuesday.

The former host of a Saturday morning Christian radio show was arrested this month in connection with a Ponzi scheme that bilked 38 people in Florida out of $6 million.

The Securities and Exchange Commission (SEC) said Tuesday that a Texas man who ran an online investment fund that traded in the virtual currency Bitcoin was actually operating a giant Ponzi scheme that grew to over $4.5 million in value before collapsing.

Allen Stanford, the former chairman of the defunct financial company Stanford Financial Group, was found guilty of conspiracy and fraud charges by a grand jury Tuesday afternoon for leading a $7 million Ponzi scheme from his offshore bank in Antigua.