SARs Help Identify Accounts and Additional Nigerian 419 …
Federal law enforcement and regulatory agencies conducted a securities fraud investigation where defrauded investors lost at least $32 million. Investors believed they were investing in …
Beware of Ponzi-like gold scams
The classic Ponzi scheme is one where payments to investors/members are derived from additional recruits who pay into the scheme. In the case of gold scam artists, they're not …
Ponzi Schemes in South Africa
Ponzi schemes in South Africa, milk cultures, grown by investors was the moneyspinner. Other explanations include trading on the stock exchange, property speculation or development, …
Three British Columbia residents fined $700,000 …
In a ruling issued on March 2, 2023, a BCSC panel ordered Sabrina Ling Huei Wei to pay a C$500,000 administrative penalty, plus a C$90,000 fine, representing the amount she obtained from the...
Fool's gold: Caught BC pyramid schemers must pay back …
After promising investors returns on gold mines in Africa and Brazil that didn't exist, three scammers must pay up. ... a handful of people caught in a pyramid scheme will have to pay …
B.C. residents handed nearly $1M in fines for role in gold mining Ponzi
"In reality, none of the investments were used for gold mining, DFRF received no proceeds from gold mining, and DFRF's only source of money was investors," the BCSC …
I'm not racist, nor am I running a Ponzi scheme, says Zuma …
Johannesburg - The founder of Tariomix Diamond and Gold Company, Louis Liebenberg, has denied being a racist Afrikaner who is illegally running a Ponzi diamond scheme.
SEC.gov | SEC Halts Pyramid/Ponzi Scheme Targeting …
SEC Halts Pyramid/Ponzi Scheme Targeting Spanish and Portuguese Communities For Immediate Release. 2015-139. ... SEC alleges that DFRF Enterprises, named for its …
B.C. involved in Ponzi scheme ordered to pay nearly …
Gold mine Ponzi scheme ruined B.C. residents' lives, commission hears Oct 7, 2022 11:08 AM Why it may take 'several years' for the B.C. Securities Commission to collect …
GSPartners collapsing, South African YouTube channel blamed …
The long and the short of it is Josip Heit was behind Karatbars International's transition from gold pyramid scheme to crypto shitcoin Ponzi. After scamming a bunch of …
Diamond dealer takes fight to the state
Diamond dealer Louis Liebenberg and his company Tariomix have had their bank accounts containing approximately R100m provisionally frozen by an order of the Gauteng …
Fool's gold: Caught BC pyramid schemers must pay back …
After promising investors significant returns on gold mining operations in Africa and Brazil that didn't exist, a handful of people caught in a pyramid scheme will have to pay up.
Southern District of New York | Manhattan U.S. Attorney And …
Manhattan U.S. Attorney Preet Bharara said: "The promise of riches mined in Africa was fool's gold that these defendants allegedly dangled in front of investors in what was …
US and UK sanction Kenyan Kamlesh Pattni over gold scams
The US and UK governments have sanctioned Kamlesh Pattni, the man who cost Kenya at least Ksh27 billion (about $209 million at current exchange rate) in a fictitious gold …
Three Ponzi kings in South Africa – one dead, one in jail, …
Over the years, South Africa has seen its fair share of Ponzi schemes, one of the most notorious being the so-called 'Kubus scheme', orchestrated by Adriaan Nieuwoudt in the …
I'm not racist, nor am I running a Ponzi scheme, …
Johannesburg - The founder of Tariomix Diamond and Gold Company, Louis Liebenberg, has denied being a racist Afrikaner who is illegally running a Ponzi diamond scheme.
Alleged Ponzi scheme masterminds have assets worth R59m …
Various assets estimated to be worth more than R59m, belonging to the suspects of an elaborate Ponzi scheme, were attached on Tuesday after a restraint order was granted …
Gold 'scam' robs SA of billions, says SARS
In 2019, Rappa and the unnamed exporting refinery's export sales reached a peak of 83 tons. That is the equivalent of 70% of the total gold production of all South African gold mines that year. These exports were worth …
B.C. involved in Ponzi scheme ordered to pay nearly $1M …
Between 2014 and 2015, the solicited B.C. investors, organized events and sold membership units to American companies promising high, no-risk returns for what turned out …
B.C. involved in Ponzi scheme ordered to pay nearly …
The B.C. Securities Commission has issued nearly $1 million in penalties and repayment orders against three local fraudsters involved in an international Ponzi scheme that …
Gold mine Ponzi scheme ruined B.C. residents' lives, …
A B.C. Securities Commission panel has found three B.C. residents conspired in an international Ponzi scheme that defrauded 137 fellow British Columbians of nearly $1.5 million. …
Three British Columbia residents fined $700,000 for role in gold mining …
In a ruling issued on March 2, 2023, a BCSC panel ordered Sabrina Ling Huei Wei to pay a C$500,000 administrative penalty, plus a C$90,000 fine, representing the amount she …
B.C. involved in Ponzi scheme ordered to pay nearly …
Between 2014 and 2015, the solicited B.C. investors, organized events and sold membership units to American companies promising high, no-risk returns for what turned out …
Alleged Ponzi scheme masterminds have assets …
Various assets estimated to be worth more than R59m, belonging to the suspects of an elaborate Ponzi scheme, were attached on Tuesday after a restraint order was granted by the Johannesburg...
How one African man's gold scheme cost his American victims millions …
Cassell Kuoh, a miner, was by all accounts was a Liberian success story. Cassell Kuoh, is now living in a U.S. federal prison, after pleading guilty to fraud charges and opening …
How one African man's gold scheme cost his …
Cassell Kuoh, a miner, was by all accounts was a Liberian success story. Cassell Kuoh, is now living in a U.S. federal prison, after pleading guilty to fraud charges and opening up to authorities about his wide-ranging scheme. -- …
Fool's gold: Caught BC pyramid schemers must …
After promising investors significant returns on gold mining operations in Africa and Brazil that didn't exist, a handful of people caught in a pyramid scheme will have to pay up.
Avoid These 5 Gold Scams To Protect Your Wealth
Gold scams happen because people target honest investors like you with fake gold, phony mines, Ponzi schemes, and more. Did you know Americans lost $4.6 billion to …
Malden Man Charged in Pyramid and Ponzi Scheme Falsely …
The SEC alleges that DFRF Enterprises, named for its founder Daniel Fernandes Rojo Filho, claimed to operate more than 50 gold mines in Brazil and Africa, but the company's …