Topics :: Ponzi schemes

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Wilton Manors Gay Ponzi Schemer Jim Ellis Charged by Federal Government

CRIME | By Gideon Grudo | Nov 22
He’s facing a felony conspiracy to commit wire fraud. Ellis has been connected to the Wilton Station Ponzi Scheme since it began attracting the media’s attention in February.

From Parties to Ponzi: Jim and Janet Ellis Named as Defendants in Multi-Million Dollar Fraud Lawsuit

NATIONAL | By Gideon Grudo | May 26
For the past few months, a number of residents in Wilton Manors have been alleging they were victims of a Ponzi scheme orchestrated by a father-daughter team, working their purported fraud in local venues, such as bars and private parties.

A Ponzi Scheme Targeted Ft. Lauderdale Gay Community

CRIME | By Jason St. Amand | Apr 11
A Florida man has been charged with conducting a Ponzi scheme, which targeted the gay community in Wilton Manors.

AP: Ponzi collapses nearly quadrupled in ’09

FINANCE | By Curt Anderson | Dec 29
In 2009, the recession unraveled nearly four times as many of the investment scams as fell apart in 2008, with "Ponzi" becoming a buzzword again thanks to the collapse of Bernard Madoff’s $50 billion plot.

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