Federal prosecutors said the Redding investment scheme raised $35 million from victims.

The death of Ponzi king Bernie Madoff in federal prison at the age of 82 reignited pain around what New York City's mayor described Wednesday as a "very sad episode" in history. It also reignited ...

Here's a quick look at some stories you may have missed this week from The Sacramento Bee.

The most recent court-mandated receiver’s quarterly filing show that approximately $247.4 million has been recovered through ...

A Northern California man pleaded guilty Thursday to a Ponzi-like fraud scheme, following his arrest in 2020 where he tried to escape the FBI using a submarine in Shasta Lake, officials said. Matthew ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The Securities and Exchange Commission alleged this week that Retail Ecommerce Ventures, the company that bought RadioShack out of bankruptcy in 2020, ran a Ponzi scheme that defrauded investors out ...

Forsage co-founder Olena Oblamska pleads not guilty after extradition from Thailand to face conspiracy charges ...

A San Jose federal jury couldn’t reach a verdict in a lawsuit that alleged Umpqua Bank knowingly backed a $450 million Ponzi scheme. The jury deliberated for four days after a 13-day trial. “We thank ...