A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of big profits.

An Italian immigrant who arrived in the United States in 1903 with just $2.50 in his pocket, Charles Ponzi ascended from obscurity to dizzying wealth seemingly overnight. But under the surface of his ...

Finance and investment experts have attributed the recurring cases of phony investment schemes to three main issues of financial illiteracy, greed and lack of culture of due process. Against the ...

Ukrainian actor Armen Ataian was denied bail again in the Torres investment fraud case in Mumbai. Charged with being part of a conspiracy involving Platinum Hern Pvt Ltd, the company allegedly ...