A Ponzi scheme is a fraudulent investment system that pays existing investors with funds collected from new investors. Musk ...

Kevin Bacon opened up about the impact Bernie Madoff's Ponzi scheme held on his family after it was unveiled in 2008 that the ...

It sucked, and we were certainly angry and all the things,” the “Footloose” star said of how he and wife Kyra Sedgwick first ...

Social media was abuzz on Friday following concerns about the operations of CBEX, a digital asset trading platform, with ...

An Indonesian man swindled hundreds out of people's life savings to fund a years-long, escape around the globe with a ...

He faces more than a dozen sex crime charges including attempted bestiality and solicitation of rape of a child.

Kevin Bacon discussed losing money in former financier Bernie Madoff's Ponzi scheme nearly two decades ago, when the criminal ...

Authorities have reportedly arrested four individuals bearing the title “Datuk” as part of a sweeping investigation into ...

A federal court in the Eastern District of Brooklyn, New York, has sentenced Francius Marganda, a dual citizen of Indonesia ...

Kevin Bacon makes a rare comment about his experience of losing money to Bernie Madoff in the late financier's Ponzi scheme in the 2000s.

Federal jurors convicted a New Jersey man on fraud and money laundering charges after his previous 24-year prison sentence ...

Madoff was arrested in 2008 after news broke that he ran one of the largest Ponzi schemes in American history,embezzling an ...