An Edinburgh judge has sentenced Alistair Greig, owner of Midas Financial Solutions in Scotland, to 14 years in jail for defrauding hundreds of investors out of £13 million (US$16.23 million) through a Ponzi scheme.
Federal prosecutors in Manhattan have brought fraud charges against the co-founder of a cryptocurrency scheme that allegedly defrauded would-be investors of as much as US$16 billion, but experts warn there is still a long way to go before justice is brought to the victims of the scam.
The District Court of Nevada sentenced 72 year-old Edwin Fujinaga to 50 years in prison for a US$1.5 billion ponzi scheme on Thursday.
A jury in the US state of Nevada has convicted the former president of a Las Vegas investment company for his role in a US$1.5 billion Ponzi scheme, the country’s Department of Justice announced Wednesday.
A New York hedge fund manager was arrested on Thursday and charged with stealing more than US$ 19 million from investors and then spending much of it on his own lavish lifestyle, the US Justice Department said.
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