Perry Santillo of Rochester, N.Y., was recently sentenced to serve 210 months in prison in conjunction with his role in a $100 million Ponzi scheme. Santillo was convicted…
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A federal district judge recently sentenced Jeff Carpoff, 50, to 30 years in prison relating a billion-dollar Ponzi scheme. According to a Department of Justice news release: “According…
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Mejdi Mahmoud Abousaoui was sentenced to 25 years in Texas state prison after pleading guilty to running a Ponzi scheme that bilked investors out of more than $4…
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A FINRA arbitration panel recently ruled for investors against clearing house Pershing LLC (“Pershing”) relating to Pershing’s involvement with the Stanford Ponzi scheme. In Cagle et al v.…
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The Securities and Exchange Commission (“SEC”) was recently granted a temporary restraining order and asset freeze relating to an alleged Ponzi scheme involving Johanna M. Garcia and the…
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Two final defendants recently pled guilty in the massive Woodbridge Group of Companies LLC (“Woodbridge”) Ponzi scheme that bilked some 7,000 investors out of approximately $1.29 billion. Dane…
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