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A Stanislaus County tax preparer and accountant is facing multiple years in prison after pleading guilty to a long-running Ponzi scheme that duped dozens of investors out of more than $7 million dollars, federal authorities said.
A former San Francisco Bay Area attorney has been sentenced to more than a decade in prison after being convicted in connection with the $1 billion DC Solar Ponzi scheme, prosecutors said.
The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a Ponzi scheme.
A California real estate mogul has been arrested and is facing multiple federal charges for allegedly running a 15-year Ponzi scheme that defrauded hundreds of investors out of nearly $30 million.
A Northern California man who tried to evade FBI agents with an underwater scooter pleaded guilty to a $35 million Ponzi scheme, prosecutors announced Thursday.
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
Nearly 25,000 of the victims in Madoff's Ponzi scheme will see restitution through the Madoff Victim Fund.
A Richmond woman is accused of orchestrating a Ponzi scheme that targeted the Tongan community and stole more than $13 million from over 1,000 people, authorities say.
After his arrest, Ray Brewer claimed he saved several soldiers from a fire while serving in the Navy, but later admitted, "these were both lies meant to curry favor with law enforcement."
A Central Valley man was sentenced to federal prison Monday after he was convicted in a nearly $9 million Ponzi scheme where he claimed to turn cow manure into green energy.
The owner of a San Francisco Bay Area solar energy company was sentenced to 30 years in federal prison Tuesday for an audacious Ponzi scheme that defrauded investors of $1 billion.
A suspect in a $35 million Ponzi scheme is in custody after trying to escape arrest by using sea scooter to hide from FBI agents in Shasta Lake.
The owners of a Bay Area solar energy company pleaded guilty Friday to charges that they plotted a massive Ponzi scheme that defrauded investors of $1 billion.
A federal grand jury has convicted a 46-year-old former western New York attorney of mail fraud in connection with a multimillion-dollar Ponzi scheme.
Prosecutors claimed Daniel Powell bilked about 50 people across the country out of $4 million in a Ponzi scheme.
A former San Francisco attorney is facing charges that he defrauded investors of $7 million in a Ponzi scheme.
A Sacramento man has been sentenced to 18 years in state prison after pleading guilty to charges that he ran a Ponzi scheme that defrauded mostly elderly investors of more then $4 million.
A man being dubbed Sacramento's Bernie Madoff is now behind bars after federal investigators say he made millions off a Ponzi scheme.
