For ten years, Northwest Capital in Toledo told two hundred people their money was working. A grand jury in Ohio says it was moving in a circle. This summer, the circle finally opened in a courtroom.
Federal prosecutors in Davenport say Chad Boal and Corey Richards ran a Ponzi scheme out of Burlington called the Golden Bar Foundation. The pitch was risk-free returns. The proof, allegedly, was parked in the driveway.
A former kindergarten teacher stood in a Shah Alam courtroom on Friday and pleaded not guilty to laundering RM133,550 (about $31K USD) tied to an alleged scheme to relocate a stranger's child to New Zealand. The complainant is a 39-year-old mother who believed she was buying her child a future.
James Shuford Price III pleaded guilty in federal court on June 24 to running a Los Angeles lab that billed taxpayer-funded health programs for tens of millions in respiratory tests, many authorized by physicians who had never heard of the patients. The doctors did not know their names were on the paperwork. Neither did most of the patients.
John Sterling Myers ran money for people who knew him by his first name. Federal prosecutors say the statements he mailed them were fiction, and the accounts behind those statements were already dust.
On June 24, 2026, Tricolor's former COO admitted he helped pledge the same car loans to multiple banks. The borrowers were Hispanic immigrants buying used cars. The shortfall was eight hundred million dollars.
The SEC says Daryl Heller raised $770M from 2,700 investors for a nationwide ATM network that was mostly a story. The story paid 25% a year until it stopped.
An offline Ponzi ran through hotel conference rooms across Delhi-NCR for twelve months, paying early investors with later investors' money until the demands for principal turned into death threats. The complaint names a regional political figure and his circle.
Thai immigration police walked into a luxury villa in Phetchaburi on a Friday afternoon and arrested a 38-year-old Frenchman wanted by France, Turkey, and Interpol. The 900 families he allegedly collected from had been told the money was earning fifteen percent a month.
For five years, Shahid Javed sold New Jersey investors a story about jet fuel, a Texas refinery, and 50 percent returns. The fuel was never bought. The employees did not exist. The money bought a Bentley.
Shahid Javed built two petroleum companies that sold no petroleum, staffed them with people who did not exist, and promised returns of fifty percent. On June 18, a New Jersey judge gave him seven years.
Tracy Davenport sold the dream of an inground pool to more than fifty Kentucky families. What she was actually selling was the down payment itself, and a federal judge just put a number on it.
Stanley Pophal told nearly 190 investors he was a licensed fiduciary blessed with good fortune. On June 13, he pleaded guilty to running a six-year Ponzi scheme out of a Wausau warehouse stacked with snowmobiles.
India's Directorate of Enforcement has named eight defendants and two companies in an alleged $20 million Coinbase spoofing operation that ran from a fake login page in 2021 to luxury property files in 2026. The page was the trap. Everything else was furniture.
A 47-year-old Nolensville man was indicted this week on eleven federal counts tied to an alleged crypto Ponzi run through Star Credit Holdings. Prosecutors say the pitch included a reserve fund that did not exist and personal loans investors took out in their own names.
A FINRA arbitration panel ordered Arkadios Capital to pay $2.7 million to a victim of Edwin Lickiss's 26-year Ponzi scheme, decided largely by one fact the firm says it never knew: the father and the son shared an office.
For a few weeks this spring, the retirees who trusted Ken Mattson with their savings were told the trial would not happen. On Thursday, that promise dissolved.
Jason and Lacey Carney built a Springdale nonprofit on a promise that one hundred percent of donations went to malnourished infants. On June 12, both pleaded guilty in federal court. The money path tells a different story than the website did.
The Justice Department says two men from the Los Angeles suburbs built a money laundering machine out of fake IDs, shell companies, and a phone script. The script started with the words "your account has been compromised."
Leonardo Ayala was sentenced last week to two years for laundering $5.5 million to Colombia from inside a TD Bank branch. He was not the machine. He was one of the valves the machine kept open for a decade.