With the PwC settlement, the total recovery by investors in the suit will be at least $235 million. Read more
Ernst & Young LLP has been sued for $900 million by the liquidators of a fund that once funneled money to the now-imprisoned crook Bernard Madoff. The lawsuit, filed on behalf of M-Inve... Read more
Former customers of the massive Madoff Ponzi scheme have now filed their own class action lawsuit seeking to recover $19 billion from JPMorgan Chase & Co. It was claimed in this suit th... Read more
An alleged Ponzi scheme, operating in Jefferson County, Ala., ensnared at least 28 investors with possible losses in the millions of dollars, according to The Alabama Securities Commission.... Read more
Ponzi schemes have been in the news lately primarily because of the Madoff scandal. Four mutual sales agents with Mutual Benefits Corp., a viatical and life settlement company, have been ind... Read more
The federal government says an investment manager from Broomall, Pennsylvania, ran a Ponzi scheme that swindled an estimated $50 million from as many as 80 investors. Joseph S. Forte was giv... Read more
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