Ponzi schemes usually do not feel dangerous at first. They feel familiar, comfortable, and easy to trust. That is part of how they work. Even though these scams have been around for over a hundred ...

SAN ANTONIO, Texas - A San Antonio man has pleaded guilty to carrying out a $69.5 million real estate investment fraud scheme that federal prosecutors described as operating in classic Ponzi fashion.

Todd Burkhalter promised big returns. His victims didn’t realize they were too good to be true.

Add Yahoo as a preferred source to see more of our stories on Google. Over the past half-dozen years, a multi-million dollar Ponzi scheme was being run through Fresno real estate companies. Its owner, ...

Business partner Tim LeFever had misgivings over Ken Mattson’s business practices as far back as 2013 — more than a decade before he took those concerns to federal authorities, court records show.

Real estate firm RAD Diversified REIT has filed for bankruptcy protection, marking a reversal for the business whose founders were featured last year on an investment show promoted by Elon Musk’s X as ...

A financial executive from St. Petersburg, Florida, has admitted to orchestrating what federal prosecutors are calling the largest Ponzi scheme in Georgia’s history. Todd Burkhalter, 54, the founder ...

For a while now, St. Louisans have been asking questions about homes belonging to the Kentucky-based rehabbers Lighthouse Estates and Red Door Legacy. What’s up with the painted brick? Why are the ...

San Antonio CEO Devin Elder pleaded guilty to orchestrating a $69.5 million Ponzi scheme that defrauded 345 real estate investors. Elder used $8.8 million from new investors to pay earlier ones while ...