The individuals behind the suspected £200 million Ponzi scheme, known as the 79th Group, have been declared bankrupt as part of ongoing efforts to recover lost investor funds. The bankruptcy
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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
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
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
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.
