Zeekler

Local News
9:46 am
Mon November 17, 2014

Why Are There So Many Ponzi Scheme Cases In Charlotte?

Mugshot of person #5247 better known as Charles Ponzi. Although the scheme existed long before Ponzi, his version of the scheme became so infamous we now know these as Ponzi scheme.
Credit Public Document

It’s a scheme that goes by many names like the Pyramid and the Matrix. Historically, it was called the “Peter-to-Paul.” We know it best as a Ponzi scheme. And a surprising number of these cases are being prosecuted by the U.S. Attorney’s office here in Charlotte.

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Local News
9:34 am
Mon February 3, 2014

In Charlotte, Conspirators Behind $850 Million Ponzi Scheme Due In Court

Two of the people behind an $850 million Ponzi scheme are due in federal court in Charlotte this week. They're pleading guilty for their roles in defrauding investors worldwide, including more than 1,500 in the Charlotte area.


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