Follow-up to the Solar panel lending Ponzi: the CFO got his own 6 years in the clink.
Les bénéfices ça se divise, la réclusion ça s’additionne.

Follow-up to the Solar panel lending Ponzi: the CFO got his own 6 years in the clink.
Les bénéfices ça se divise, la réclusion ça s’additionne.
Alternatives are complex and opaque. requiring both investment and operational due diligence.
New technologies now permit investment analysis, fraud detection, and operational risk measurement.
$700,000 on decorating, $345,000 on jets and yachts, $136,000 on casinos and nightclubs, $6.9 m in credit card payments…
The licensing rights didn’t exist. It was a movie rights Ponzi scheme. $690 millions of it.
As usual, many victims are middle-class and retirees, who are now in dire need.
Yet another Ponzi, this time with silver trading.
Gaylen Rust from the Rust Rare Coin company, may spend the next 19 year in prison for a $200m Ponzi fraud spanning two decades.
A San Francisco couple, founders of a legitimate solar panel company, were sentenced to 15 and 30 years in prison for orchestrating a Ponzi related to equipment leases. They had 150 collectible cars and 32 houses.
The good Samaritan William Neil “Doc” Gallagher was actually a Ponzi artist defrauding the Texas Christian community.
He has been sentenced to three life sentences plus 30 years.
Evergrande, China’s second largest real estate, will default on bond payments in the coming days. The company, bloated with $300 bn of debt, is typical of the $62 trillion Chinese real estate sector.
Evergrande’ s default may bring the sector and the Chinese economy down with it.
You remember our cryptocrook? Quant WizKid, market-neutral hedge fund, Cryptocurrency arbitrage great returns, $90m AUM… Except that it was a Ponzi.
His sentence just came out: 7½ years of jail. Here are the explanation & the context.
A summary of the largest Ponzi schemes in history, with a visualization that is a pleasure to the eyes.