SF News Victims Of Marin-Based Ponzi Scheme Given Go-Ahead to Sue Umpqua Bank For Its Alleged Involvement Portland-based Umpqua Bank may be the subject of a class-action lawsuit from jilted investors in a Ponzi-esque investment scheme masterminded by a now deceased Marin County real estate mogul.
SF News Bay Area Ponzi Schemer Accused In Multi-Billion-Dollar Fraud Gets Sentenced to 30 Years One half of a Martinez couple who pleaded guilty last year in what's been described as the "biggest criminal fraud scheme in the history of the Eastern District of California" has been sentenced to 30 years in federal prison.
SF News Death of Marin Real Estate Investor Reveals Allegedly Vast Ponzi Scheme A well known Republican donor and real estate mogul who attracted over 1,000 investors into what was allegedly a Ponzi scheme dating back decades died of a heart attack in May, leaving his ex-wife to sort out a major financial mess.
SF News California AG Arrests Two, Charges Three In Ponzi Scheme That Allegedly Netted $10 Million Three men, including one in the East Bay, were charged today by California Attorney General Xavier Becerra in a fraudulent investment scheme that allegedly bilked 70 victims out of $10 million.
Business & Tech Bay Area Couple To Be Jailed For Massive Ponzi Scheme Worth $1 Billion A Martinez couple who was operating a seemingly legitimate business selling solar generators pleaded guilty Friday to various charges stemming from a Ponzi scheme that netted them $1 billion in fraudulent income — affording them an extremely lavish lifestyle.
SF News Bernie Madoff Sentenced to 150 Years for Ponzi Scheme Ponzi-schemer and former non-executive chairman of the NASDAQ stock exchange Bernard Madoff was handed a 150 year prison sentence by U.S. District Judge Denny Chin this morning. In the courtroom, Madoff explained
