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In March 2014, Canadian Arlan Galbraith was sentenced to over seven years in prison for a Ponzi scheme involving pigeon breeding. His Pigeon King International firm (which collapsed in 2008) was found to be recruiting investors with the promise of buying back pigeons for various purposes, but in reality for which there was no genuine market.
Gehrke and King lived lavishly off the scheme, prosecutors allege, citing in court papers luxury cars, a nearly $6 million home and more than $520,000 in gold bars, coins and jewelry. Officials seized more than $52 million from Gehrke's personal and business bank accounts after her arrest, prosecutors say.
Troika laundromat or ŪkioLeaks [1] is a money laundering scheme organized by Russia's former largest investment bank – Troika Dialog.This scheme allowed the flow of some $4.8 billion of funds from Russian companies and figures into Europe and the US between 2003 and early 2013.
The Maria Duval scam is one of the most successful mail scams in history, having defrauded millions of people out of at least $200 million over twenty years. Targeting sick and elderly people through a combination of personalized letters and personal information databases, it has been shut down in the United States in 2016, but is still ongoing in many countries.
Nearly 200 people have been charged in a sweeping nationwide crackdown on health care fraud schemes with false claims topping $2.7 billion, the Justice Department said on Thursday. Attorney ...
Fraud victims, including those defrauded by authorised push payment (APP) scams, where fraudsters trick people into sending them money unwittingly, are told to contact their bank’s fraud team ...
The scam then becomes an advance-fee fraud or a check fraud. A wide variety of reasons can be offered for the trickster's lack of cash, but rather than just borrow the money from the victim (advance fee fraud), the con-artist normally declares that they have checks which the victim can cash on their behalf and remit the money via a non ...
READ MORE: Auction of a dozen disputed lots owned by ‘King of Coconut Grove’ put on hold Sylvester offered Altamar $25 million in May to withdraw its claim and exit the case. Altamar, a Miami ...