Three men from Ft. Lauderdale, Fla., were arrested Feb. 29 for allegedly cheating health insurance companies of $3 million about two years after they were charged in one of the largest alleged Ponzi schemes in history.

An estate and financial-planning lawyer in Philadelphia, his father and several investment brokers in New Jersey were accused of operating an $8.5 million Ponzi scheme that allegedly defrauded 73 investors.

A Pennsylvania man and a financial advisor in Michigan have been accused of establishing a Ponzi scheme that allegedly defrauded more than 600 clients of $45 million over three years.

A Sacramento, Calif., insurance agent pleaded guilty to 13 felony counts of grand theft in connection with a five-year Ponzi scheme resulting in a total loss of $6.3 million.

While Bernie Madoff, the biggest known crook to have walked Wall Street, could face life in prison, an Ohio insurance agent might get off relatively scot-free: He faces only 30 …  Read →

While it is not likely, it is possible that payouts to “clients” of Bernie Madoff — the Wall Street swindler who operated what is probably the largest Ponzi scheme in …  Read →