The Island | Hauppauge: Feeling Scorched by a ‘Sure Thing’

VANCOUVER — A former Mission woman fraudulently raised $135 million from at least 800 investors, including more than $69 million from at least 355 B.C. investors, the B.C. Securities Commission has alleged. In a notice of hearing Monday, BCSC enforcement staff alleged that Doris Elizabeth Nelson – who is now under house arrest in Washington state awaiting trial on criminal fraud charges – told investors their money would be used to finance her payday loan business, which operated as the Little Loan Shoppe.

US authorities on Tuesday accused the owners and the board of directors of online poker site Full Tilt Poker on Tuesday of operating a Ponzi scheme.Among those accused of receiving millions in player funds from Full Tilt Poker as part of the alleged Ponzi scheme were poker stars Chris Ferguson and Howard Lederer, who were both directors of the company."Full Tilt was not a legitimate poker company, but a global Ponzi scheme," Preet Bharara, the US attorney for the southern district of New York, said in a statement.

A New York businessman sought by federal authorities in connection with a suspected $380 million Ponzi scheme has been arrested and charged with one count of mail fraud.

The Senate Banking Committee is holding a hearing Wednesday to look into the SEC’s investigation of an alleged $8 bln Ponzi scheme led by Allen Stanford.

Federal prosecutors will ask a judge to sentence Juan Rangel to 15 years in prison for mail fraud and money laundering.A Downey man accused of operating a Ponzi scheme that targeted Spanish speakers has agreed to plead guilty to federal criminal charges, a spokesman for the U.S.

Richard Monroe Harkless bilked investors of about $35 million, prosecutors say. In what federal prosecutors described as the longest sentence ever imposed for a financial crime in Southern California, a Riverside County man was sentenced today to 100 years in prison for operating a three-year Ponzi scheme that bilked investors of about $35 million.

Yoni Freedhoff is unsparing in his assessment of Leona Aglukkaq’s four-year stint in the federal health portfolio, calling her one of Canada’s worst health ministers ever. The prominent Ottawa physician and obesity expert does not complain so much about what Ms. Aglukkaq has done, however, as what she has not done. That includes ditching government efforts to get trans-fat out of food, dissolving a Health Canada salt-reduction project and staying all but silent on the country’s obesity crisis.

Reuters - Securities and futures regulators charged a Philadelphia-area fund manager with operating a $50 million Ponzi scheme, where he paid off earlier investors with money from later investors, officials said on Thursday.