A former San Francisco Bay Area attorney has been sentenced to more than a decade in prison after being convicted in connection with the $1 billion DC Solar Ponzi scheme, prosecutors said.

Federal prosecutors say an attorney for a California solar power company has been sentenced to 11 years and five months in prison for helping orchestrate a $1 billion fraud scheme.

Prosecutors called it the largest criminal fraud scheme in the history of the area.

Orlando CEO arrested in $328M Goliath Ventures fraud; victims urged to come forward.

Christopher Delgado is accused of running a Ponzi scheme and taking $328M from his investors.

A Florida man was arrested on federal charges related to an alleged cryptocurrency “Ponzi scheme” that defrauded investors of ...

Alston & Bird is being sued by investors in Florida who say they were duped into contributing to an alleged $328 million cryptocurrency Ponzi scheme over business relationship contracts drafted by the ...

Christopher Alexander Delgado was charged on counts of wire fraud and money laundering that carry a maximum sentence of 30 years in prison.

CEO of Orlando company arrested in alleged $328M cryptocurrency Ponzi scheme ...

Ponzi and pyramid schemes depend on new money and recruitment to survive. These schemes promise returns from new participants, not real economic activity. Bitcoin does not require recruitment or ...

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 ...