31 Results for

ponzi

Article

SEC accuses Texas man of running Bitcoin Ponzi scheme

"Fraudsters are not beyond the reach of the SEC just because they use...virtual currency to mislead investors and violate federal securities laws," the SEC says, as it files charges against a Texas man.

By Jul. 23, 2013

Article

Poker site CEO arrested in multimillion Ponzi scheme

Raymond Bitar, founder of Full Tilt Poker, was arrested at JFK Airport and charged with siphoning $430 million in gamblers' winnings.

By Jul. 2, 2012

Article

Full Tilt Poker a Ponzi scheme? Like Groupon?

The U.S. Justice Department accusing Full Tilt Poker of being a "global Ponzi scheme" is the latest example of large online concerns being accused of being mega-Madoffs. Does the Web make Ponzis easier to manage?

By Sep. 20, 2011

Article

Full Tilt Poker lashes out at Ponzi scheme claims

Company says it doesn't believe that any "reasonable interpretation" of its business would make it a Ponzi scheme, according to The Wall Street Journal.

By Sep. 22, 2011

Article

Game to let you run your own Ponzi scheme

If you want to run your own Ponzi scheme, we have the game for you. MadeOff, to be released next week, will let you steal all your friends' points.

By May. 5, 2009

Article

Bitcoin is a legitimate form of 'currency,' a federal judge rules

The virtual currency gains a measure of legitimacy in the prosecution of a man accused of running a Bitcoin-inspired Ponzi scheme.

By Aug. 7, 2013

Article

Financier pleads guilty to $13M Facebook IPO stock scam

Former Oregon gubernatorial candidate admits bilking more than 120 investors out of $13.2 million with promises of an early shot at the highly coveted pre-IPO shares.

By Jun. 25, 2013

Article

Full Tilt Poker cheated players out of $300 million, WSJ says

The Justice Department claims the Web site is a Ponzi scheme that paid out celebrity players Howard Lederer and Christopher Ferguson.

By Sep. 20, 2011

Article

Does Mark know? Winklevii claim they own 1 percent of all Bitcoins

Whenever percentages and the Winklevoss Brothers come together, there is always a movie to be made. The twins say they're betting big on Bitcoins.

By Apr. 11, 2013

Article

SEC probe on Facebook pre-IPO sales ends in financier's arrest

Former gubernatorial candidate for Oregon Craig Berkman allegedly duped investors out of $8 million, saying he had access to the social network's shares before it went public.

By Mar. 19, 2013