scheme

Fake Pastors Swindle Churchgoers In $28 Million FX/Crypto Ponzi Scheme 

The Securities and Exchange Commission (SEC) filed charges against two Maryland companies and their principals allegedly defrauding more than 1,000 investors in a $28 million Ponzi scheme.  The SEC first filed the complaint against 1st Million LLC and Smart Partners LLC, and their principals, Dennis Jali, John Frimpong, and Arley Johnson, in August, for defrauding…

Indian Call Center Scams $14 Million From Americans In Elaborate Scheme

Sometimes we have to question the intelligence of Americans. It’s no secret that unhealthy lifestyles and eating mounds of junk food can impair brain function. With that being said, intelligence is lacking for some Americans as thousands were recently swindled out of millions of dollars by a scammy Indian call center. According to the NYTimes, an Indian call…

SEC Warns Ponzi Scheme Complaints See "Significant Uptick" In COVID World 

The U.S. Securities and Exchange Commission (SEC) released a statement Monday to investors, warning that the agency has experienced “a significant uptick in tips, complaints, and referrals involving investment scams.” The SEC’s Office of Investor Education and Advocacy urged investors to be on “high alert” for fraudsters during the COVID-19 pandemic. The agency warned against…

JPMorgan CEO gets all the money in the ‘most corrupt scheme ever,’

 … amid Covid-19 misery – RT’s Keiser Report The US’ biggest bank, JPMorgan Chase, together with other lenders, managed to take a big slice of the coronavirus relief program pie through fees, while reporting record quarterly profits. Max Keiser and Stacy Herbert discuss how the banks managed to get such a large cut of the…