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- DictionaryPonzi scheme/ˈpɒnzɪ skiːm/
noun
- 1. a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors: "a classic Ponzi scheme built on treachery and lies"
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5 days ago · Receivers handling Ponzi schemes and fraud cases are familiar with the concept of suing the “winners” in the scheme to recover transfers made to them in excess of their investment.
4 days ago · Ponzi schemes are notorious for their deceptive allure, often masquerading as legitimate investment opportunities. At their core, these schemes rely on the continuous influx of new investors to pay returns to earlier investors, creating an illusion of profitability.
4 days ago · Ontario’s Court of Appeal has confirmed AIG Canada doesn’t have to pay legal costs to defend a class action lawsuit related to an alleged Ponzi scheme involving real estate funds. That’s because of a material misrepresentation by the insured, the court ruled. A lower court determined AIG had to pay for the insured’s legal defence ...
3 days ago · The Alberta Crown has stayed charges against a Kelowna woman who was charged along with her former common-law partner in an alleged multi-million dollar Ponzi scheme, after her co-accused...
3 days ago · Alberta prosecutors won't proceed with fraud charges against a B.C. pair accused of running a Ponzi scheme after the man charged in the case drowned.Curtis Quigley and Kathleen Treadgold, formerly common-law spouses, were jointly charged last year with 80 counts of fraud over $5,000.The Edmonton Police Service alleged they orchestrated a $7.8-million Ponzi scheme that tricked hundreds of ...
4 days ago · Investopedia – Affinity fraud is a type of investment fraud in which a con artist targets members of an identifiable group based on things such as race, age, religion, etc. The fraudster either is or pretends to be, a member of the group. Often the fraudster promotes a Ponzi or pyramid scheme. https://www.investopedia.com/terms/a ...
3 days ago · Charges have been stayed in a $7.8-million Ponzi scheme with victims in Edmonton, B.C., the U.S. and Australia. Curtis Gordon Quigley and Kathleen Treadgold were jointly charged with 80...
