Tag Archives: Ponzi schemes

NEW YORK CITY: Feds File Charges In $81M Ponzi Scheme Involving Resale Of Tickets To Hamilton

Via press release from the SEC: The Securities and Exchange Commission today announced fraud charges against two New York City men accused of running a Ponzi scheme with money raised from investors to fund businesses purportedly created to purchase and resell tickets to such high-demand shows as Adele concerts and the Broadway musical Hamilton. The SEC alleges that Joseph Meli …

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Eddie Long Sued For Ponzi Scheme

Atlanta megachurch founder Bishop Eddie Long is being sued by former members of his congregation who claim that he tricked them into sinking their life savings into a Ponzi scheme that operated out of his church. New Birth, Long and Ephren Taylor are all named in the suit filed by 12 former church members who say they lost more than …

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