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Ponzi Scheme

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Man Admits To $20 Million Ponzi Scheme In New Jersey

Louis Spina faces up to 20 years in prison for wire fraud when he’s sentenced in February.


(credit: Getty Images)

South Jersey Man Charged With Running Real Estate Ponzi Scheme

“All of the promises made, allegedly, were to rehab, fix up etc. But in reality, what Mr. Poulson did was he spent the money on himself,” U.S. Attorney Stephen Stigall said.


(File image of a casket)

Dig Deeper When Considering Burial Insurance

If you’re thinking of buying burial insurance, this is what you should ask.



NJ Man Gets 33-Month Sentence For Investment Fraud

A northern New Jersey man involved in an investment fraud scheme that bilked investors out of millions of dollars has been sentenced to 33 months in prison.


Main Line Man Sentenced To 33-Years In $14 Million Ponzi Scheme

A Main Line man who conned investors out of millions through a Ponzi scheme will be spending virtually the rest of his life in prison.


(Ira Pressman.  Photo provided by Montgomery County DA's office)

Bala Cynwyd Ponzi Schemer Sentenced To Eight Years

A 64-year-old Bala Cynwyd man has been sentenced to eight years in prison for a Ponzi scheme that cost just over 20 victims over $7 million.


Victims Want Convicted Ponzi Schemer Put Away For A Long Time

Victims have told the court Ira Pressman is the Michael Jordan of schemers and he deserves a sentence long sentence.


(Ben Stiller, left, and Matthew Broderick are among the large cast of "Tower Heist."  Photo from Universal Pictures)

Movie Review: ‘Tower Heist’

It’s a swiss-cheese tapestry of plot holes and arbitrary, nonsensical occurrences. The elaborate scheme is, let’s face it, laughably preposterous. But maybe that’s half the fun.


Berwyn Man Pleads Guilty To Running $17M Ponzi Scheme

A suburban Philadelphia man with five prior white-collar convictions pleaded guilty Monday to running a $17 million real-estate Ponzi scheme.


Ira Pressman who lives in Bala Cynwyd, Lower Merion Township, is accused of swindling eight friends and associates in what prosecutors call a "classic Ponzi scheme."

Main Line Businessman Arrested In $5 Million Ponzi Scheme

Only CBS 3 cameras were there as a Main Line businessman was taken away to prison in handcuffs charged with defrauding investors out of more than $5 million dollars.


Marlton, NJ Investment Firm Accused Of Fraud Scheme

People who turned their money over to Carr Miller Capital were promised a 10-15 percent annual return on their investments.