Tag "investment fraud"
Fyre Festival Organizer Billy McFarland Faces Fraud Charges
The man who was the main organizer of the failed Fyre Festival in the Bahamas earlier this year has been arrested by authorities and charged with wire fraud for allegedly bilking investors in his company, Fyre Media, which promoted the
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Barclays Latest Fraud Charges
Barclays, has been charged by the British Serious Fraud Office, along with four of the bank’s former executives with conspiracy to commit fraud. The charges on Barclays came after a five-year investigation into the London-based lender’s fund-raising at the height of the
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Bernie Madoff Fund Still Owes Fraud Victims
The famous Bernie Madoff ponzi scheme is still affecting victims as none of them have received repayments from the company the Department of Justice, tapped to distribute $4 billion recovered from the notorious fraud. Nearly 8½ years after Bernie Madoff was
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White-Collar Crime
The term white-collar crime was reportedly coined in 1939, and now the synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on
Read MoreAre You a Victim of Investment Fraud?
NEW YORK (MainStreet) — Investing is hard enough without walking into a bear trap set by an unscrupulous fraudster. Crooks create false account statements, make wild performance claims and operate elaborate Ponzi schemes in order to get money out of your
Read MoreHow to Protect Seniors from Investment Scams
The fallout from the Great Recession, plus continued job insecurity and a seesaw stock market, have all contributed to people’s fears that their money won’t last. According to this article from Delaware Online, this makes them vulnerable to investment scams promising
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