Man Accused In Ponzi Scheme Sentenced To PrisonA Bay County judge sentenced Joel Wilson on Friday to concurrent terms of 105 months to 20 years and five terms of 80 months to 10 yea
Man Ordered To Trial In $8.5 Million Ponzi SchemeA Bay County judge has ordered a 32-year-old man to stand trial on accusations that he ran a Ponzi scheme that defrauded investors of $8.5 million.
Man Found Guilty In $46 Million Ponzi SchemeAn insurance salesman has been convicted in a $46 million scheme involving more than 800 families and unsophisticated elderly investors.
Judge OKs Plea Deal In $50M Ponzi SchemeA 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.
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.
Winans Scion Fails To Get Fraud Sentence DelayedA judge won't extend the deadline for Michael Winans Jr. to report to federal prison for financial fraud.
Man Ordered To Pay $4.4M In Ponzi ProbeA judge has barred a Detroit-area money manager from the investment industry and ordered him to pay more than $4 million.
Men Plead In $9 Million Ponzi Scheme That Targeted ElderlyTwo West Michigan men accused of defrauding investors in a $9 million Ponzi scheme have pleaded no contest to racketeering charges.
Winans Family Member Charged With Ponzi SchemeA 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.
West Bloomfield Man Pleads Guilty In Ponzi SchemeA 68-year-old West Bloomfield man has pleaded guilty to conducting a Ponzi scheme that targeted senior citizens.
Ex-Stockbroker Gets 9 Years For Ponzi SchemeA former Grand Rapids stockbroker has been sentenced to nine years in federal prison for his role in a $6 million Ponzi scheme.
Mich. Man Pleads Guilty To Wire Fraud In Massive Ponzi SchemeThe 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.