Tag Archives: Ponzi

SEC, CFTC Accuse Utah Man Of $170 Million Silver-Trading Ponzi Scheme

State and Federal regulators have accused a Utah man and his company of scamming hundreds of investors out of up to $170 million on promises that trading in silver could yield annual returns of 20% to 40%.  Gaylen Dean Rust … Continue reading

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TWiL 443: Popularity Ponzi Schemes

In this episode, Denise and Stefan discuss how the EU's highest court had to wake up and taste the cheese to decide whether taste is copyrightable, and how the EU's copyright directive might be financially unfeasible even for YouTube. They … Continue reading

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Three Men Charged With $345 Million Ponzi Scheme

Authorities filed civil and criminal fraud charges against three men on allegations that they masterminded "one of the largest Ponzi schemes ever charged in Maryland" that raised at least $345 million from hundreds of investors nationwide.  Kevin B. Merrill, 53, Jay … Continue reading

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Broker Hector May Investigated For Possible Ponzi Scheme And Defrauding Clients of $3.4M

Hector May (CRD #323779) is a former registered broker and investment advisor, last employed with Securities America, Inc. (CRD #10205) of New York City. His previous employers include Prime Capital Services, Inc. (CRD #18334) of Poughkeepsie, NY, Equico Securities, Inc. … Continue reading

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  SEC Alleges Financial Visions, Colorado-Based Funeral Financing Business, Operated as Ponzi Scheme

The Securities and Exchange Commission (“SEC”) has filed a fraud lawsuit in federal court in Colorado against a group of companies known as “Financial Visions” and their principal, Daniel B. Rudden (“Rudden”), who allegedly bilked at least 150 investors in … Continue reading

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