The Financial Industry Regulatory Authority (FINRA) is fighting alleged Internet Ponzi schemes with its own foray into the Internet.

A financial advisor who provided guidance to several Hollywood stars now faces federal charges in what officials say was an elaborate Ponzi-like scheme to cheat his clients out of $30 million.

An Orange County, Calif., financial advisor was sentenced to 10 years and one month in federal prison for his role in what officials say was a $61 million Ponzi scheme.

The Texas State Securities Board has been granted receivership of a life settlements firm accused of fraud in collecting $65 million from investors and using deceptive practices in the sale of investments tied to insurance death benefits.

An Omaha, Neb., investment advisor could spend up to 20 years in federal prison and face a $1 million fine after pleading guilty to securities fraud.

The owner of a Kennett Square, Pa., investment firm is accused of running a $25 million Ponzi scheme, allegedly using the profits to purchase homes throughout the East Coast.

A move by the Financial Industry Regulatory Authority to close broker-dealer GunnAllen Financial is resulting in more than 400 financial advisors searching for a new employer.

The U.S. Securities and Exchange Commission received an emergency court order to shut down an alleged Ponzi scheme targeting retirees in California and Illinois it says took in $20 million with only $900,000 currently in the possession of the alleged perpetrators.

For decades, the last name Winans has been affiliated with award-winning gospel music, but Michigan regulators say it was also used to scheme church members out of what could amount to $11 million through a Ponzi scheme.

A government watchdog group has sent a letter to congressional committees in charge of financial oversight asking them to challenge the government’s reliance on financial self-regulatory organizations like the Financial Industry Regulatory Authority (FINRA).