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Investment Fraud

Alan Grayson Lost $18 Million In Investment Fraud Scheme

AP | MATTHEW BARAKAT | Posted 01.25.2014 | Politics

McLEAN, Va. (AP) — U.S. Rep. Alan Grayson of Florida lost $18 million in a scheme that cheated him and about 120 other investors out of more than $3...

Nonprofit Fraud Robs Charities of Substantial Dollars

Eugene Fram | Posted 01.23.2014 | Business
Eugene Fram

Some directors argue boards can do little to prevent fraud. I argue that every director should know enough about finances to raise issues about questionable activities.

Ponzi Schemer Invested Based On Astrology

The Huffington Post | Katherine Bindley | Posted 06.22.2012 | Business

There are many methods by which investors try to beat the stock market. Basing one's strategies on the gravitational pull of the earth and lunar cycle...

More Scam Artists Targeting Post 50s: Watch Out For These Red Flags

Posted 03.10.2012 | Fifty

Scam artists are targeting older Americans more than ever. Over the last decade, both complaints and financial losses among baby boomers have skyrocke...

Eddie Murphy's Ex Scammed Out Of $7 Million

AP | By DON THOMPSON | Posted 12.21.2011 | Black Voices

SACRAMENTO, Calif. -- A self-described Los Angeles entertainment entrepreneur is charged in a federal indictment unsealed Tuesday with bilking $7 mill...

Fed Charges Over 500 People With Financial Fraud, Uncovers $10.4 Billion

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011 | Business

Federal authorities announced Monday that they had charged hundreds of defendants in "Operation Broken Trust," a 31/2-month effort to stop investment ...

Two Con Artists Sentenced in Federal Reserve Note Investment Plan Scam

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Robert Ingram was the Director of a FRNIP. Or so you were supposed to think. Starting in 2005, Ingram told potential FRNIP investors that they would realize huge returns within a few weeks. Wow, sign me up!

Morgan Stanley And Deutsche Bank Are Being Sued By Nuns

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Has Judgment Day arrived early on Wall Street? Taking their cue from their American sisters, several groups of Irish nuns are suing Morgan Stanley a...