What Is a Ponzi Scheme? Ponzi schemes typically lure in investors by promising high returns with little to no risk. Because initial investors often see high returns at first, early Ponzi schemes often ...

A 73-year-old North Georgia widow says she lost her entire $50,000 life savings after investing in First Liberty Building & Loan, the Newnan-based compa ...

Todd Burkhalter promised big returns. His victims didn’t realize they were too good to be true.

The SEC reveals how Nigerians were swindled out of ₦316 billion by Ponzi schemes, and names the major players behind the country’s most damaging scams. If you stand in the middle of the every-busy ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. Todd Burkhalter, the CEO of the Georgia-based financial advisory group Drive ...

Every year, thousands of intelligent and otherwise capable people fall victim to some form of exploitation or fraud. The fallout is devastating, both financially and psychologically. Rates of ...

The Securities and Exchange Commission (SEC) is to collaborate with the National Orientation Agency to enlighten Nigerians on Ponzi ...

NEWNAN, Ga. — The Georgia Secretary of State’s Office is now investigating borrowers involved in the alleged First Liberty Ponzi scheme. According to officials, Sec. of State Brad Raffensperger ...