The peer-to-peer lending market is under pressure in China after 21 people were arrested in association with a P2P Ponzi scheme.
A former NFL player ran a Ponzi scam, the SEC says. Will Allen and his partner claimed to lend money to pro athletes, with a promise to investors of up to 18 percent in interest.
The SEC has filed an action against a fake bank that allegedly defrauded investors out of millions.
JPMorgan Chase is going to pay big time for its involvement with Bernard Madoff.
The saga of R. Allen Stanford and his certificate of deposit Ponzi scheme is coming to a close — at least one part of it, anyway: the trial and conviction. On Tuesday, a Texas jury found Stanford guilty of 13 out of 14 criminal charges including mail fraud, wire fraud, obstruction of an SEC proceeding and