Jordan D. Maglich
Tennessee Man Gets 14-Year Sentence For $18 Million Ponzi Scheme

A Tennessee man was sentenced to serve the next fourteen years in federal prison after pleading guilty to masterminding an $18 million Ponzi scheme. Terry Kretz, 61, received the sentence from U.S. District Judge Todd J Campbell, and was also ordered...

Jordan D. Maglich
Accused of $100 Million Ponzi Scheme, Utah Man Walks Free On Technicality

A Utah federal judge dismissed criminal charges against a Utah man accused of operating one of the largest Ponzi schemes in Utah history, ruling that prosecutors' failure to timely pursue the case was a violation of federal law and warranted dismissal...

Dykema
CFPB Raises Concerns About Overdraft Fees

by Theodore (Ted) J. Greeley In a July 31, 2014 Data Point, the Consumer Financial Protection Bureau (CFPB) concluded that consumers who opt in to overdraft services for debit card and ATM transactions put themselves at a “serious risk when using...

Jordan D. Maglich
Feds: Ponzi Schemer Hid $400,000 in Gold, Silver, and Cash With Wife and Brother

Federal authorities announced criminal charges against a convicted Ponzi schemer, as well as his wife and brother, for conspiring to hide more than $400,000 in gold, silver, and currency in ammunition canisters out of the reach of authorities. Ronnie...

Jordan D. Maglich
California Man Fires Lawyer; Claims He Was Forced to Plead Guilty to $125 Million Latex Glove Ponzi Scheme

Due to be sentenced for masterminding a $125 million Ponzi scheme, a California man instead told a federal judge that he wanted to fire his lawyer, claiming he had been "intimidating" him and had coerced his guilty plea. Deepal Wannakuwatte...

Trent Dykes
Angel Investment Trends: Q1 2014 Halo Report

The Q1 2014 Halo Report has been released by the Angel Resource Institute , Silicon Valley Bank and CB Insights . The Halo Report analyzes angel investment activity and trends in the United States. Here are a couple interesting Q1 2014 highlights: ...