A previously convicted Ponzi schemer who had received a pardon from President Trump is heading back to prison due to ...

President Donald Trump has commuted the seven-year sentence of former GPB Capital Holdings CEO David Gentile, with a White ...

Less than two weeks after he began serving a seven-year sentence for $1.6 billion in securities fraud, GPB Capital founder and CEO David Gentile had his sentence commuted by President Trump last ...

Jacobus falsely portrayed himself as a seasoned financial advisor managing legitimate investment portfolios. Instead of investing his clients’ money, he used it for personal expenses and to pay ...

Last week, the U.S. Securities and Exchange Commission charged a financial adviser with conducting a classic Ponzi scheme. The fraudsters, a father-daughter team, got away with about $8 million. In ...

The Enforcement Directorate conducted searches across multiple states in a money laundering investigation linked to a Tamil Nadu-based company, Aarudhra Gold Trading Pvt. Ltd. This ponzi scheme ...

Brent Adam Seaman is accused of using investor money to pay off losses, falsifying records and buying a $165,000 Ferrari with the proceeds.