Ten Largest Ponzi Schemes in History


A Ponzi scheme is defined as an investment fraud where the operator generates returns for older investors through revenue paid by new investors rather than from legitimate business activities or profit of financial trading. People are lured into these schemes with the promise of high returns in a short amount of time. It’s hard to […]

GPB Ponzi Scheme: Special Investigation Update


In February 2021, the New York State Attorney General Letitia James filed suit against GPB Capital Holdings LLC and five other co-defendants for allegedly engaging in a Ponzi-like scheme that defrauded investors out of hundreds of million, and New York investors of more than $150 million. Separate yet simultaneous suits have also been filed against […]