Tag Archives: Ponzi Scheme

DJ Envy partner charged in alleged real estate Ponzi scheme

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Federal prosecutors announced Wednesday that Cesar Pina had been charged with one count of wire fraud for running a pyramid scheme targeting real estate investors. Continue reading →

‘Cash Flow King’ took millions in Ponzi scheme, according to SEC

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“Nearly everything about his scheme was a lie,’” the SEC says in new charges against the investor, who raised money to buy homes in northern Ohio. Continue reading →

Developer gets 25 years for ponzi scheme that preyed on elderly

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Robert Shapiro’s Woodbridge Group reportedly promised low-risk investments with high-risk returns, but instead, the money was shuffled into shell companies. Continue reading →

SEC charges real estate developer with fraud in Ponzi-scheme

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The U.S. Securities and Exchange Commission filed an emergency action Thursday against New York State real estate developer Robert Morgan. Continue reading →

NY developer sentenced to 6 years in prison for fraud

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A New York-based real estate developer was sentenced to six years in prison on Thursday for running a years-long scheme to defraud investors of $58 million, the U.S. Attorney’s Office for the Southern District of New York announced.  Continue reading →