Ponzi scheme

Of the people scammed nearly 50 000 were from his home state of North Carolina. Many were recruited by friends and family in Lexington, a once-thriving furniture and textile town where neighbours look out for each other....

Bernard Madoff, sentenced to 150 years in jail for the biggest financial scam in United States history, on Tuesday said the judge in his case had...

Krion matriarch Marietjie Prinsloo was today found guilty on over 122 000 charges, including racketeering, money laundering and fraud.

The police have conducted search-and-seizure raids on the suspected masterminds minds behind an alleged pyramid scheme operating out of the Western...

Hundreds of millions of rands have disappeared in an apparent Ponzi scheme believed to have operated in the Western Cape, Gauteng and KwaZulu-Natal....

The master fraudster may be behind bars. But victims of Bernard Madoff's $65-billion (£39,5-billion) Ponzi scheme are becoming increasingly...

Disgraced financier Bernard Madoff was sentenced to 150 years in prison on Monday for perpetrating Wall Street's biggest and most brazen investment...

Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with $2,5-million and have to...

Thousands of people who lost their life savings in a multibillion-dollar scam will discover on Monday the fate of Wall Street swindler Bernard...

In monster fraud scandals, such as the one allegedly involving Barry Tannenbaum, fingers normally point in one direction, that of the suspect.

Trustees have been appointed for South African assets seized from Ponzi scheme fraud suspect Barry Tannenbaum.

United Kingdom-based businessmen are among the victims of South Africa's largest Ponzi scheme, allegedly operated by Barry Tannenbaum, the...