Tag Archives: ponzi scheme

  • Bishop Eddie Long Sued over Ponzi Scheme

    Feb 21, 13 by EURpublisher02 5 Comments

    *Atlanta megachurch pastor Bishop Eddie Long is facing a lawsuit from former parishioners who say he encouraged them to invest in a company that was operating an alleged Ponzi scheme. A dozen former members of New Birth Missionary Baptist Church in Lithonia, Ga., filed suit in DeKalb County court in late January. The suit says […]

  • Baltimore Ravens WR Anquan Boldin Deposed in Ponzi Scheme

    Feb 14, 13 by EurPublisher Leave a comment

    *We just got word that Super Bowl champs, the Baltimore Ravens‘ wide receiver Anquan Boldin, has been deposed in a Ponzi scheme lawsuit in South Florida. According to Jose Lambiet’s Gossip Extra, the deposition was in connection with a lawsuit alleging that he is a shareholder in a company accused of running a giant Ponzi […]

  • Michael Winans Facing 20 Years in Prison for Ponzi Scheme

    Oct 6, 12 by Brittney M. Walker 1 Comment

    *Oh what people do for money. Michael Winans, member of gospel music family the Winans, is looking at 20 years in prison after pleading guilty in an $8 million Ponzi scheme. Ain’t that about nothin’. The 30-year-old was charged last month for misleading over 1,000 victims to invest in fake crude oil bonds. According to […]

  • Winans Family Member in Trouble for Operating a Ponzi Scheme

    Sep 13, 12 by Brittney M. Walker Leave a comment

    *A member of the famed Winans gospel singing family has been charged in federal court with operating an $8-million Ponzi scheme that promised investors huge returns for investing in a phony Saudi Arabian crude oil bonds, says The Detroit Free Press. Michael Winans Jr. was charged Tuesday in U.S. District Court in Detroit with wire […]

  • A Fool and His Money: Teddy Riley on ‘American Greed’ Tonight

    Jan 26, 11 by EurPublisher 7 Comments

    *Tonight on CNBC’s “American Greed” self-proclaimed real estate guru, er, scam artist Troy Titus is profiled. He’s supposedly conned several clients out of millions via ponzi schemes. One of his victims included award winning music producer Teddy Riley. In the clip below, Riley admits it wasn’t the first time he was tricked. Hmm, looks interesting. […]

  • Member of Winans Family Accused of Ponzi Scheme

    Mar 5, 10 by EurPublisher 4 Comments

    *A member of the gospel singing Winans family is being accused of running an elaborate Ponzi scheme that swindled millions of dollars from nearly 200 investors. Michigan regulators say Michael Winans Jr. led a fraudulent, multimillion-dollar investment program by promoting bogus Saudi Arabia oil bonds. Winans allegedly told investors they could double their money in […]