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Reed Eliot Slatkin was an initial investor and co-founder of EarthLink and the perpetrator of one of the largest Ponzi schemes in the United States since that conducted by Charles Ponzi himself.
James Galante is an American convicted felon and associate of the Genovese crime family, owner of the defunct Danbury Trashers minor-league hockey team and a defunct racecar team fielding cars for Ted Christopher, and ex-CEO of Automated Waste Disposal (AWD), a company that holds waste disposal contracts for most of western Connecticut and Westchester and Putnam counties in New York.
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Michael Eugene Kelly was a dual citizen of the U.S. and Mexico who operated a number of fraudulent resort enterprises and the Avanti Motor Corporation. In 2007, with 23 others, he was accused by the FBI and the United States Attorney's Office of operating an enormous Ponzi scheme that defrauded over a thousand elderly and senior citizens of their retirement money. It was later disclosed that 7,000 victims from throughout the U.S. lost more than $342 million.
Samuel Israel III is an American fraudster and former hedge fund manager for the Bayou Hedge Fund Group, which he founded in 1996. In 2008, Israel was sentenced to 20 years in prison and ordered to forfeit $300 million for defrauding his investors.
Bernard Lawrence Madoff was an American fraudster and financier who was the mastermind of the largest Ponzi scheme in history, worth about $64.8 billion. He was at one time chairman of the NASDAQ stock exchange. Madoff's firm had two basic units: a stock brokerage and an asset management business; the Ponzi scheme was centered in the asset management business.
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Norman Allen Adie is a former theater owner/operator/developer and confessed Ponzi schemer, presently inmate number 64354-054 in the Federal Detention Center (FDC) in Miami, Florida. Born in Scotland, Adie began his career in London with the Rank Organization and Twentieth Century Fox before moving to the United States to work at Radio City Music Hall.
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Brian Kim is an American former hedge fund manager. He founded the now-defunct Liquid Capital Management LLC, which focused on futures trading.
DC Solar Solutions Inc., trading as DC Solar, was a Benicia, California solar power supplier company whose owners lived lavishly on ill-gotten gains in Martinez. The company was shut down by the Federal Bureau of Investigation in 2018 after it turned out to be a billion-dollar Ponzi scheme.
Woodbridge Securities was a $1.2 billion Ponzi scheme run by CEO Robert H. Shapiro. The fraud scammed approximately 8,400 victims of retail investors, many of them elderly.
Obinwanne Okeke also known as Invictus Obi is a Nigerian entrepreneur and convicted fraudster who is currently serving a ten-year prison sentence in the United States for internet fraud that caused $11M losses to his victims. After initially pleading guilty, on February 16, 2021, Okeke was sentenced to ten years in prison. Until his arrest by the Federal Bureau of Investigation following a 13-month investigation, Okeke was a globally-renowned businessman who had investments in oil and gas, agriculture, private equity, alternative energy, telecom and real estate. He operated his holdings under the 'Invictus Group'. Invictus Group operated in three African countries including Nigeria, South Africa, and Zambia. He holds a master's degree in International business and Counter-terrorism from Monash University, Australia.
References
- ↑ Blumenthal, Jeff (2010-04-01). "Acorn Capital owner Young indicted in alleged Ponzi scheme". American City Business Journals .
- ↑ "Federal Bureau of Investigation - the Philadelphia Division: Department of Justice Press Release". Archived from the original on 2010-05-28. Retrieved 2010-11-26.
- ↑ "CompliancEX: A scandal rocks the polo set". Archived from the original on 2010-05-09. Retrieved 2010-07-06.
- ↑ "Ponzi schemer with ties to MDI gets 17 years in prison" Archived 2011-05-09 at the Wayback Machine , Bangor [Maine] Daily News, May 05, 2011 7:32 pm. Retrieved 2011-05-05.
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