Craig Carton Convicted On All Counts In Ponzi Scheme TrialProsecutors say Carton misappropriated at least $5.6 million and used it to pay off gambling debts and personal expenses.
Jury Selection Begins In 'Pharma Bro' Martin Shkreli's Fraud TrialFederal prosecutors say Shkreli, who sparked outrage in 2015 when he increased the price of a life-saving drug used by AIDS patients from $13 to $750, cheated investors out of millions in a Ponzi scheme.
2 Men Accused Of Running Ponzi Scheme Banking On 'Hamilton,' Adele ConcertsProsecutors on Friday alleged that two men led wealthy people to believe they were investing in ticket businesses for popular shows like an Adele concert and Broadway's “Hamilton.”
Madoff Ponzi Scheme Victims Might Split $342 Million Repayment Next YearVictims of the Bernard Madoff Ponzi scheme will split a repayment of about $342 million in January under a plan by a court trustee.
Irwin Lipkin, Last Madoff Scheme Defendant, Gets 6 Months In PrisonA judge sentenced the last defendant in the Bernard Madoff Ponzi scheme case on Wednesday to six months in prison.
Madoff Accountant Spared Prison Time After Admitting To Role In Ponzi SchemeA judge spared Paul Konigsberg prison time and agreed not to require post-sentence supervision.
Former Bernie Madoff Accountant Sentenced To Home DetentionA former accountant who certified fake financial records hiding Bernard Madoff's epic Ponzi scheme was sentenced on Thursday to one year of home confinement.
NY Senate Leader Dean Skelos Not Resigning Amid Federal InvestigationRepublican Dean Skelos told reporters that he has hired an attorney in response to the investigation but said he had no plans to step down.
Ex-Assembly Speaker Sheldon Silver's Son-In-Law Charged In $7M Ponzi SchemeA son-in-law of former New York Assembly Speaker Sheldon Silver was charged with defrauding investors out of $7 million in a Ponzi scheme, according to a federal complaint.
SEC Files Fraud Charges Against Former Syracuse Star, New York Giant Will AllenFederal regulators have filed civil fraud charges against former NFL cornerback Will Allen and his business partner.
Bronx Tax Preparer Gets Up To 11 Years For Stealing $4.8 Million In Ponzi SchemeThe victims of tax preparer Robert Van Zandt said they trusted him with their live savings for decades, but he stole millions of dollars and left them broke.
Ex-L.I. Soccer Official Admits Running Ponzi SchemeA former president of a suburban youth soccer cub has pleaded guilty to running a $5 million Ponzi scheme.