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.
Canton Woman Busted In $1M Ponzi SchemeCandy Campbell was sentenced to 52 months in prison after the FBI says she used other people's money to buy diamond jewelry and support a lavish lifestyle.
Fraudster Told To Report To Prison Next WeekAn Oakland County man has been ordered to report to prison next Thursday for a Ponzi scheme that cost investors more than $35 million.