Ponzi Scheme

There's now a lawsuit surrounding "Akoncity" currently playing out in New York, with a former business partner of the "Locked Up" hitmaker claiming that the whole thing is nothing more than a Ponzi scheme.

A Texas-based Christian radio host was sentenced to three life prison sentences Monday for a Ponzi scheme in which he bilked elderly listeners out of millions of dollars.

TRENTON, N.J. (AP) — Former NBA player and University of Connecticut star Tate George was sentenced in a New Jersey federal court Thursday to nine years in prison for running a real estate Ponzi scheme. A federal judge in Trenton also ordered George to pay $2.5 million in restitution and serve three years of supervised […]