Xin Qi, a Chinese asset management firm backed by property projects, has defaulted on CNY1.9bn (£203m, $291m, €261m) worth of investments, affecting thousands of retail investors across mainland China.
Three men have been convicted of a conspiracy to defraud investors in a London-based Ponzi scheme, which involved a form of purchase order financing.
The City of London Police is appealing for more victims to come forward of a potential Ponzi scheme which targeted members of the Gurka and Nepalese community.
Chinese authorities have arrested 21 people involved in a peer-to-peer (P2P) lending scheme suspected of defrauding 900,000 investors of around CNY50bn (£5.3bn, $7.6bn, €7bn).
The UK Court of Appeal has upheld a landmark sentence of 10 years’ imprisonment imposed on former independent financial adviser Phillip Boakes following his conviction on charges brought by the Financial Conduct Authority (FCA).
A British-based financial adviser, who fled to Malaysia after his company collapsed, has confessed to setting up a Ponzi scheme which inflicted millions of pounds in losses on investors.
A former independent financial adviser has been sent to prison for 10 years after running a £3.5m Ponzi scheme which fuelled his lavish lifestyle.
A former financial adviser faces a prison sentence after he scammed investors in a fraudulent scheme which raked in £2.6m.
The way to avoid potentially poor investment models, and choose only the very best ones, MBG Int'l managing partner Paul Gambles explains in the third and final part of his series, is to do your due diligence — properly.
Appearances can be deceiving, and this is as true for investment opportunities as it is for people. As MBG Int'l managing partner Paul Gambles explains in the second part of his series, there are certain clues that the shrewd investor knows to look out for, when seeking to avoid investment models that could be in…
The Hong Kong regulator today banned a former private banker at Citigroup Global Markets Asia from the financial services industry for ten years, for operating a ponzi scheme.
Three individuals appeared before a UK Magistrates Court in connection with an alleged fraud.
