ponzi scheme

March 3 is the birthday of Charles Ponzi, the pioneer of the con that defrauded investors out of millions of dollars in the 1920s.

On Wednesday, December 11, a Bozeman jury found Richard Reynolds of Belgrade guilty of six felony charges for bilking 141 victims out of $5.4 million through investor theft and running a massive Ponzi scheme.

A guy by the name of Richard Reynolds also know as Richard Adkins, is accused of stealing $5 million from investors around the world and locally to run his ponzi scheme. It was a so called foreign currency investment. I asked Mike McCormick with Cascade Financial, who is on my show every Friday morning at 8:15, how he covers himself against people thinking they might get ripped off from a local in

Full Tilt Poker, one of the Internet’s most popular poker sites, operated “as a massive Ponzi scheme against its own players,” alleges Manhattan’s US attorney. The allegations come as part of a civil money laundering complaint claiming that funds the site raised went to pay members of its board of directors, which includes poker pros Howard Lederer and Christopher “Jesus” Ferguson. The board i