Two Ukrainian nationals, including a woman, have been identified as the masterminds of the Ponzi scam that has duped hundreds in Mumbai after promising them big returns on their investment.

The fund relied on multiple sources to collect the billions necessary to repay victims. Thousands of people defrauded by Bernard Madoff's infamous Ponzi scheme will soon receive the final ...

King Charles III thanked the medics who have cared for him and his daughter-in-law Princess Kate, after they both underwent treatment for cancer this year, in a Christmas Day message that touched ...

WASHINGTON -- The fund disbursing money to the victims of Bernie Madoff's legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of ...

The Securities and Exchange Commission has pledged to intensify efforts to eliminate Ponzi and pyramid schemes, thereby fostering an environment where genuine investment opportunities can thrive ...

Turkey’s banking regulator has drawn up a plan to restrict the tenures of banking executives, a proposal that comes after high-profile accusations of a ponzi scheme at a bank with one of the ...

Madoff died in prison in 2021 while serving a 150-year sentence for what federal prosecutors have called the largest Ponzi scheme in the world. The last disbursement, of more than $131 million ...

CID has so far confiscated about 18 properties linked to Zala worth around ₹100 crore. A Ponzi scheme is a type of investment fraud where operators pay early investors using money collected from ...

The DOJ announced Monday that it began distributing its tenth and final payments of forfeited funds to 40,930 victims of Madoff’s scheme, the largest known Ponzi scheme to date. The final ...