The former head of a Tokyo and Las Vegas investment firm was sentenced Thursday to 50 years in prison for bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme that ranks among the largest-ever fraud cases in the U.S.
SYRACUSE, N.Y. (AP) — A central New York man has admitted to bilking more than two dozen people out of nearly $700,000 by getting them to put money into non-existent foreign oil investments.
Full Tilt Poker, one of the Internet’s most popular poker sites, operated “as a massive Ponzi scheme against its own players,” alleges Manhattan’s US attorney.
The allegations come as part of a civil money laundering complaint claiming that funds the site raised went to pay members of its board of directors, which includes poker pros Howard Lederer and Christopher “Jesus” Ferguson. The board i