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Charles Ponzi



  • Talk Show Host And Financial Advisor Sentenced For Ponzi Scheme

    Wednesday marked the announcement that Anthony Cutaia was sentenced to 51 months in prison for mail fraud “Ponzi” investment scheme. Cutaia had pled guilty in July 2011 to Count 2 of a Criminal Information filed in June...

    • Posted January 24, 2012
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  • Ponzi Schemes Are The New Black

    Thirteen days into the year and I feel like all I’ve written about is Ponzi-scheme after Ponzi-scheme after Ponzi-scheme. Today I bring to you the sentencing of Jenifer Devine, the woman who owned a purported wholesale merchandise...

    • Posted January 13, 2012
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  • Largest Recruiter Of Shapiro’s $930 Million Ponzi Scheme Sentenced

    Sydney Jack Williams of Naples, Florida was sentenced today to a year and a day in prison for failing to report more than $12 million to the IRS in related commissions received in Nevin Shapiro’s $930 million...

    • Posted January 11, 2012
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  • Investment Advisor Defrauds Clients Out Of Retirement Funds

    Apparently an Illinois investment advisor, Steven Salutric, engaged in an investment fraud that swindled the retirement savings of 10 elderly clients to lose more than $4.26 million. Salutric was charged with one count wire fraud in a...

    • Posted January 5, 2012
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  • Two More Charged In Rothstein Billion Dollar Fraud Scheme

    On the first of this month it was announced that two more Rothstein Associates were charged in connection with the billion dollar fraud scheme. Announced was the filing of charges against William Boockvor and Marybeth Feiss for...

    • Posted December 26, 2011
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  • Former Owner And President Of Allied Health Care Sentenced For $135 Million Phony Lease Scheme

    Former owner and president of Allied Heath Care Services, Charles Schwartz, was sentenced last week to 195 months in prison (16.25 years) for organizing and executing a $135 million phony lease scheme that losses of more than...

    • Posted November 30, 2011
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  • What Makes A Scam WISE?

    In conjunction with a $15 million fraudulent investment scheme Duane Allen Eddings was found guilty of wire fraud, money laundering, bankruptcy fraud and tax evasion. Talk about a financial mess! According to court documents and evidence presented...

    • Posted November 15, 2011
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  • $78 Million Mortgage Fraud “Dream Home” Scheme Owner Convicted

    Andrew Hamilton Williams, Jr., was convicted last week in Maryland of fraud conspiracy, wire fraud and conspiracy to commit money laundering in connection to a massive mortgage fraud scheme. The scheme, entitled “Metro Dream Homes” promised to...

    • Posted November 14, 2011
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  • New Defendant Named In $105 Million Ponzi Scheme

    A pending federal case investigating a $105 million “ponzi” scheme has charged a new defendant in the case. Newly added defendant, Alfred Gerebizza, is alleged that he and co-defendant Daniel Spitzer engaged in a ponzi scheme that...

    • Posted November 2, 2011
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  • North Carolina Man Is Seventh Convicted Of $40 Million Black Diamond Ponzi Scheme

    It was announced last week that Bryan Keith Coats of Clayton, North Carolina plead guilty to his role in connection with the Black Diamoind Ponzi Scheme Investigation that resulted in a $40 million investment fraud conspiracy. Coats...

    • Posted November 1, 2011
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  • Father And Son Sentenced For $930 Million Ponzi Scheme

    Sometimes the apple doesn’t fall far from the tree. When children are growing up many look up to their parents and imitate them on a daily basis. “When I grow up, I’m going to be just like...

    • Posted October 10, 2011
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  • A Double Dose Of Commodities Scams In North Carolina

    Two completely separate men were charged in two completely separate Ponzi schemes in one completely same city of Charlotte, North Carolina on September 23, 2011. Both defendants plead guilty to commodities fraud. Apparently they both promised victims...

    • Posted October 6, 2011
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