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HSBC Suffers One Point One Billion Dollar Hit After Madoff Legal Defeat

HSBC is facing a substantial blow of $1.1bn (£826m) following a loss in a protracted legal battle linked to Bernie Madoff’s infamous Ponzi scheme. The banking giant has announced it

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Investment2 months ago

Suspected Ponzi Scheme 79th Group Collapses After FCA Raised Concerns

Tens of millions of pounds have been lost by unsuspecting investors following the collapse of the 79th Group, now suspected to be one of the largest Ponzi schemes in British

Miniature figures on a stack of euro coins, illustrating financial disparity. from Stockmark.it

Financial Fraud11 months ago

Madoff Ponzi Scheme Victims Receive Final Payment as Chapter Closes on Historic Financial Fraud

The final chapter in Bernard Madoff’s notorious Ponzi scheme has drawn to a close as victims receive their last compensation payment from a US government fund, with total reimbursements surpassing

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Financial1 year ago

London Capital and Finance Exposed as Massive Ponzi Scheme in High Court Ruling

A devastating High Court ruling has declared London Capital & Finance (LCF) operated as a Ponzi scheme, with the firm’s former chief executive and four associates found liable for damages.