"The greed and deception of this Ponzi scheme has resulted in the same way they have throughout history," said Daniel ...

The Department of Justice (DOJ) charged Wear with one count of securities fraud and one count of wire fraud, each of which ...

The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised ...

The Securities and Exchange Commission filed a complaint last Thursday in U.S. District Court for the Southern District of New York against Ryan Wear, owner of WaterStation Management and Creative ...

An Everett man faces federal charges in a $200 million Ponzi scheme, marking a significant case of franchise fraud.

A Washington state entrepreneur and a former Jefferies portfolio manager were criminally charged on Thursday over a Ponzi ...

Federal prosecutors charge two men in a $200 million Ponzi scheme involving fake water vending machine profits.

The operator of two alleged Ponzi schemes has been charged alongside a portfolio manager who allegedly invested his fund’s ...

Jordan Chirico is accused of directing the Jefferies fund, 352 Capital, to purchase bonds funding a Washington state business that purported to operate a network of water vending machines, according ...

A complaint lodged June 10 by the hedge fund 352 Capital GP alleges First Fed conspired with WaterStation Management owner Ryan Wear and a network of affiliated businesses he controlled to defraud ...