White-collar crime in Cleveland, Ohio, refers to a classification of several non-violent crimes, such as securities fraud and money laundering. Ponzi schemes are common securities fraud scams that cause investors to lose money because they seem legitimate. Most Ponzi...
Ponzi Schemes
What’s the history of the ‘Ponzi scheme?’
Charles Ponzi was a man whose name went down in history for the "scheme" he developed to take money from unsuspecting investors. Since the days of Charles Ponzi, his money-grabbing scam has been replicated by countless white collar criminals on scales from large to...
The differences between pyramid schemes and multilevel marketing
You've seen it before; a post on social media stating that you can make $300 today if you'll just deposit $20 into a bank account for a program that can help you succeed. While there are some programs designed to help you market real products and services, many of...
Accused of a Ponzi scheme? Protect yourself as soon as possible
White-collar crimes refer to a number of different offenses. Some include bribery, pyramid schemes, insurance fraud and identity theft. Of course, there are many other crimes as well that fall under this umbrella term. White-collar crimes are non-violent offenses....
You can fight against charges of running a pyramid scheme
One white collar crime that can get you into trouble with the law is known as a pyramid scheme. This scheme is relatively easy to recognize and follows a predictable pattern. How can you recognize a pyramid scheme? Usually, the person at the top of the pyramid creates...
Man hit with fraud charges related to Ponzi scheme in Ohio
A Ponzi scheme is when investment advisers attract investors through promising high rates of return on their investments. However, in a Ponzi scheme there are no real returns, but instead the investment advisers use funds from new investors to pay the prior investors....
