Despite red flags, Chase “turned a blind eye and continued servicing the accounts used to perpetrate the fraud, earning substantial fees from the hundreds of millions of dollars” it touched in a ...

Investors sued JPMorgan, claiming the bank ignored red flags and enabled a $328M Goliath Ventures crypto Ponzi scheme that allegedly impacted more than 2,000 victims.

What once relied on word-of-mouth and text messages has now evolved into sleek websites, crypto buzzwords, and social media influencers. But no matter the packaging, the outcome is often the same: ...

The lawsuit claims JPMorgan Chase should have done more to prevent a customer from allegedly pulling off a massive crypto ...

Ponzi schemes usually do not feel dangerous at first. They feel familiar, comfortable, and easy to trust. That is part of how they work. Even though these scams have been around for over a hundred ...

Thousands of clients trusted Todd Burkhalter to invest their money in high-yielding real estate loans. In reality, Burkhalter was running a massive Ponzi scheme while splurging on motorcoaches and ...

The SEC reveals how Nigerians were swindled out of ₦316 billion by Ponzi schemes, and names the major players behind the country’s most damaging scams. If you stand in the middle of the every-busy ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. Todd Burkhalter, the CEO of the Georgia-based financial advisory group Drive ...

Every year, thousands of intelligent and otherwise capable people fall victim to some form of exploitation or fraud. The fallout is devastating, both financially and psychologically. Rates of ...

JPMorgan faces a lawsuit alleging it enabled a $328M crypto Ponzi scheme, involving Goliath Ventures and suspect fund transfers.