Jewelry Store and Pawnshop Owner Charged With Running Ponzi Scheme

Yesterday in Miami, Luis Felipe Perez was sued by the Securities and Exchange Commission for defrauding primarily Hispanic consumers by investing money for fixed returns. From 2006 until June 2009, Perez raised approximately $40 million in a Ponzi scheme affecting approximately 35 South Florida investors, many of whom were Hispanic. Using personal and family relationships … Read more

Death Sentence Given for Woman in Ponzi Scam

A former high-flying businesswoman was sentenced to death in Zhejiang Province for orchestrating a massive Ponzi scheme. The scam lifted 770 million yuan (US$112.77 million) from 19 investors in less than two years. Jinhua City’s Intermediate People’s Court found Wu Ying, 28, guilty of running the scheme. The court also ordered all of Wu’s personal … Read more

NASCAR Ponzi Scam Nabs Drivers

“Basically, the Ponzi scheme made investors believe that they could get them a guaranteed return on their investment up to 40.8 percent and they got them to invest their money and then used their money for their own personal gain. Our investigation is still in the process of collecting evidence and sorting through the different … Read more