Stanley Pophal told nearly 190 investors he was a licensed fiduciary blessed with good fortune. On June 13, he pleaded guilty to running a six-year Ponzi scheme out of a Wausau warehouse stacked with snowmobiles.
A FINRA arbitration panel ordered Arkadios Capital to pay $2.7 million to a victim of Edwin Lickiss's 26-year Ponzi scheme, decided largely by one fact the firm says it never knew: the father and the son shared an office.
For a few weeks this spring, the retirees who trusted Ken Mattson with their savings were told the trial would not happen. On Thursday, that promise dissolved.
A Mandi village teacher put her road-compensation money into a coin called Korvio. The man who sold it to her bought a flight to Dubai. The Enforcement Directorate is still tracing the wires.
For six years, a 64-year-old Wausau man sold promissory notes with guaranteed returns to 190 neighbors and family friends. The money bought him over 300 snowmobiles. On June 13, he pleaded guilty.
A bank account in the Channel Islands gave up £8.59 million tied to Ruja Ignatova. Eight years after Asha handed over her savings in a Mumbai hotel ballroom, a sliver of the money is moving toward Germany. The Cryptoqueen is not.