Phoenix Man Charged with $1 Million Ponzi Scheme

An Arizona man was arrested and charged with operating a Ponzi scheme that cost its victims over $1 million. Allen Leroy Kayser, 60, was arrested by Arizona state police and charged with nine counts of securities fraud, five counts of first-degree theft, two counts of racketeering, and selling unregistered...

SEC Charges Three More in $16 Million Ponzi Scheme That Targeted Mormons

The SEC announced it had brought civil enforcement actions against three additional individuals for their role in a $16 million Ponzi scheme whose victims were primarily members of the Church of Jesus Christ of Latter-Day Saints. Kevin J. Wilcox, Jennifer E. Thoennes, and Eric R. Nelson were each charged...

28-Year Old Pennsylvania Man Sentenced to Prison for Ponzi Scheme

A Beaver man received a twenty-one month prison sentence for operating a Ponzi scheme that bilked investors out of nearly $1 million. Daniel M. Bull, 28, had previously pled guilty to a single count of mail fraud, which carries a maximum prison sentence of 20 years. Bull operated Venture Advisors...

Ten Year Prison Sentence for Man who Operated $145 Million Ponzi Scheme

A Utah man who masterminded one of the largest Ponzi schemes in state history was sentenced to serve ten years in federal prison. Travis L. Wright had previously pled guilty to a single count of mail fraud, which carries a maximum sentence of twenty years in prison, along with up to a $250,000 fine....

Prosecutors: 225-Year Sentence Appropriate for "Greediest, Most Selfish and Remorseless" Ponzi Schemer

Prosecutors urged a federal judge to adopt a 225-year sentencing recommendation for an Indiana man convicted of running a $200 million Ponzi scheme, arguing a guaranteed life sentence was appropriate for someone they described as one of the "greediest, most selfish and remorseless of criminals."...