A California man was sentenced to six years and nine months in prison for running a “green energy” Ponzi scheme, defrauding investors of almost $9 million, according to a June 26 press release from the Department of Justice. Ray Brewer, 66, of Porterville, in California’s Central Valley, defrauded investors of $8,750,000 with farm tours and…

In a story that parallels the Twitter Files disclosure, we are going to be looking into FTX and Sam Bankman-Fried. In what will likely be the first in a series of reports, we are going to begin examining the financial collapse of FTX. This episode will provide more of a high-level overview of what appears…

A former University of California–Los Angeles decathlete and Philippines national team member was sentenced to 17 years and six months in prison for scamming cannabis business investors out of $45 million. David Joseph Bunevacz, 53, of Calabasas, was sentenced Nov. 21 in U.S. District Court of Los Angeles and ordered to pay about $35.3 million…

NEW YORK—A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin has been added to the FBI’s list of its ten most-wanted fugitives, U.S. officials said on Thursday. Ruja Ignatova, also known as “Cryptoqueen,” was charged in 2019 with eight counts including wire fraud and securities fraud…

A California man who took part in a billion-dollar Ponzi scheme through a fake solar power supply company has been sentenced to six years in prison and ordered to pay $624 million in restitution, the Department of Justice (DOJ) has announced. Robert A. Karmann, 55, a certified public accountant, was hired by DC Solar, a company based in Benicia in the…

LOS ANGELES—A Los Angeles actor who appeared in low-budget horror and science-fiction movies is expected to plead guilty today to running a $650 million Ponzi scheme. Zachary Joseph Horwitz, who used the name Zach Avery in film credits, allegedly bilked investors who thought their money would finance distribution rights for movies that would run on…

LOS ANGELES—A Los Angeles actor who appeared in low-budget horror and science-fiction movies pleaded guilty on Oct. 4 to running a $650 million Ponzi scheme. Zachary Joseph Horwitz, who used the name Zach Avery in film credits, allegedly bilked investors who thought their money would finance distribution rights for movies that would run on HBO…

NEW YORK—Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82. Madoff for decades presented himself as a successful and trusted Wall Street kingpin while secretly engaging in investment fraud,…

Commentary The American people are finally beginning to understand the connection between chaos in the United States and phony promises of wealth from China. American investors, industrialists, money managers, and their enabling politicians have poured American assets into communist China for decades—almost killing our manufacturing base; always chasing the promise of greater financial return in…

Commentary The American people are finally beginning to understand the connection between chaos in the United States and phony promises of wealth from China. American investors, industrialists, money managers, and their enabling politicians have poured American assets into communist China for decades—almost killing our manufacturing base; always chasing the promise of greater financial return in…