CBS62logoNEW2013_blue_final_header_White wwj950-sm2011b 971-ticket-35smb 35h_CBSSportsRad_Detroit

Ponzi scheme

(credit: istock)

Man Found Guilty In $46 Million Ponzi Scheme

An insurance salesman has been convicted in a $46 million scheme involving more than 800 families and unsophisticated elderly investors.

WWJ Newsradio 950–05/10/2014

Judge OKs Plea Deal In $50M Ponzi Scheme

A judge has accepted a new plea deal from a Detroit-area financial manager who helped the government prosecute his partner in a real estate scheme that ended with nearly $50 million in losses.

WWJ Newsradio 950–01/18/2014

BROOKLYN, NY - APRIL 17: Charlie Villanueva #31 of the Detroit Pistons positions himself for a rebound against Kris Humphries #43 of the Brooklyn Nets on April 17, 2013 at the Barclays Center in the Brooklyn borough of New York City.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2013 NBAE  (Photo by Nathaniel S. Butler/NBAE via Getty Images)

Detroit Piston Says Fellow UConn Alum Conned Him

A former NBA player best known for his 1990 tournament buzzer-beater for Connecticut is on trial in Trenton, N.J., on federal charges of wire fraud.

97.1 The Ticket–09/18/2013

Winans Scion Fails To Get Fraud Sentence Delayed

A judge won’t extend the deadline for Michael Winans Jr. to report to federal prison for financial fraud.

WWJ Newsradio 950–05/04/2013

Man Ordered To Pay $4.4M In Ponzi Probe

A judge has barred a Detroit-area money manager from the investment industry and ordered him to pay more than $4 million.

WWJ Newsradio 950–04/25/2013

Jeffrey Ripley - Danny Lee VanLiere (Booking Photo)

Men Plead In $9 Million Ponzi Scheme That Targeted Elderly

Two West Michigan men accused of defrauding investors in a $9 million Ponzi scheme have pleaded no contest to racketeering charges.

WWJ Newsradio 950–03/30/2013

Winans Family Member Charged With Ponzi Scheme

A member of the Winans gospel-music family has been charged with fraud after authorities uncovered a scam involving more than $8 million and bogus oil bonds.

WWJ Newsradio 950–09/13/2012

iStockphoto

West Bloomfield Man Pleads Guilty In Ponzi Scheme

A 68-year-old West Bloomfield man has pleaded guilty to conducting a Ponzi scheme that targeted senior citizens.

WWJ Newsradio 950–08/25/2012

Ex-Stockbroker Gets 9 Years For Ponzi Scheme

A former Grand Rapids stockbroker has been sentenced to nine years in federal prison for his role in a $6 million Ponzi scheme.

WWJ Newsradio 950–04/14/2012

Mich. Man Pleads Guilty To Wire Fraud In Massive Ponzi Scheme

The United States Attorney said a Michigan man pleaded guilty to running a Ponzi scheme that swindled nearly $50 million from more than 3,000 investors worldwide.

WWJ Newsradio 950–02/25/2012

more

Follow

Get every new post delivered to your Inbox.

Join 1,935 other followers