Ponzi scheme
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BitQueen’s £5.5 billion fraud busted and Qian jailed after cross-border efforts
Metropolitan Police secure successful conviction after seven-year investigation with CPS, NCA and international cooperation.
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FCA work in review September 29-October 6, 2025
Our regular roundup of FCA activity.
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How a Pennsylvania businessman built a $770m retail Ponzi scheme
Daryl Heller promised investors steady income from a nationwide ATM network – what they got instead was a carefully staged illusion.
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Seven‑year forex Ponzi case ends with $3.5m judgment
A judge imposed trading bans, restitution, and civil penalties on unregistered commodity pool operator GDLogix and its founder after years of apparent misconduct and legal delays.
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SEC bans ex-Merrill Lynch broker over fake fund scheme
The penalty also highlights the dangers of brokers using unapproved channels to communicate with prospective clients.
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Prominent Georgia Republican charged with $140m investment fraud by SEC
The case highlights the dangers of investment fraud involving purported “bridge loans.”
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SEC charges former US Marine with Ponzi-like securities fraud
The alleged scheme involved promises of steep returns on short-term loans secured by real estate.
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SEC closes case on multi-million dollar healthcare investment fraud
The SEC secured over $17m in penalties against defendants who ran a fraudulent medical device investment scheme.