Scheme

TD Bank Settles Ponzi Scheme Lawsuit for $1.2 Billion | Entrepreneur
February 28, 2023
In 2012, Allen Stanford was convicted of 13 fraud-related charges in Houston and was sentenced to 110 years in prison. But the case — a Ponzi scheme that saw...
Netflix’s Bernie Madoff Documentary Exposes Ponzi Scheme, More
January 4, 2023
Disgraced financier Bernie Madoff will go down in infamy for orchestrating the largest Ponzi Scheme in history, conning investors out of $65 billion over several decades. TIMOTHY A. CLARY/AFP...
Ring Cameras Hacked in ‘Swatting’ Scheme
December 20, 2022
The Department of Justice said on Monday that two men have been charged in a scheme that involved hacking Ring security cameras outside homes, drawing and sometimes taunting police,...
8 Social Media Influencers Charged by SEC in $100 Million Stock Manipulation Scheme
December 15, 2022
Opinions expressed by Entrepreneur contributors are their own. The SEC has filed charges against eight influencers for their involvement in a securities fraud scheme worth $100 million. According to...
Danske Bank Pleads Guilty to Fraud in Multi-Billion Dollar Scheme to Access US Banks
December 14, 2022
Opinions expressed by Entrepreneur contributors are their own. Danske Bank, a Denmark-based global financial institution, pleaded guilty earlier this week and will forfeit $2 billion to settle a federal...
A U.K. Government-Backed SME Loan Scheme Is Gaining Momentum But Is Borrowing A Good Idea In The Current Climate?
October 28, 2022
Louise McCoy says small businesses are well-positioned to be flexibleStartup Loans Gone but not quite forgotten, former British Prime Minister, Liz Truss is widely credited with having “crashed the...
New Report Exposes Blue Check Instagram Verification Scheme
September 1, 2022
Hundreds of people were verified on Instagram over the last year through a scheme that charged people $25,000 for a blue check on the social media site that came...