A Harvard Business School graduate was arrested Thursday on fraud charges alleging he swindled fellow alumni of the prestigious school out of over $4 million in a Ponzi scheme, even assuring one investor they would soon “brag” about their “crazy gains” at the school’s reunion.Vladimir Artamonov, 46, was taken into custody in Elkridge, Maryland, where he lived, and was charged with securities, wire and investment adviser fraud for allegedly carrying out the scheme from September 2021 through February 2024.An ...

Bitcoin trading firm CEO pleads guilty to $200 million Ponzi scheme, faces up to 40 years in prison https://t.co/a55KxElapK ...

Ramil Ventura Palafox, the chief executive of a bitcoin investment and multi-level marketing firm, has pleaded guilty to wire fraud and money laundering. According to federal authorities, he orchestrated a Ponzi scheme that defrauded more than 90,000 global investors. The 60-year-old dual citizen of the United States and the Philippines admitted in federal court that he used Praetorian Group International (PGI) to lure investors with false promises of daily profits. Between December 2019 and October 2021 ...

CEO of ‘Textbook Ponzi’ Pleads Guilty in $200M Bitcoin Fraud Case► https://t.co/8wJUWrGcEW https://t.co/8wJUWrGcEW ...

Trump wants to change the reporting process of American companies and corporationsUnpopular take but the stock market is a massive Ponzi scheme that makes crypto look sane.Crypto is truly for the people.HIGHER https://t.co/ma1cbkZBoJ ...

Core Insights - First Northwest Bancorp has appointed Curt Queyrouze as CEO, effective September 17, following the resignation of Matthew Deines amid legal issues related to a Ponzi scheme [2][3][10] - The bank is currently facing allegations of abetting a $200 million Ponzi scheme orchestrated by one of its borrowers, Water Station [7][12] - Queyrouze brings extensive experience, having previously served as president of Coastal Financial and CEO of TAB Bank [2][10] Company Background - First Northwest Bancorp is the holding company for First Fed Bank, with total assets of $2.2 billion [2] - The bank reported a $9 million loss for the quarter ending March 31, which included a legal reserve of $5.8 million in anticipation of a settlement [4] - The bank settled a lawsuit with Water Station investors for an amount between $2.87 million and $5.74 million, without admitting wrongdoing [3][4] Leadership Transition - Curt Queyrouze was selected after a comprehensive search process, praised for his performance and community dedication [5][10] - Geraldine Bullard, who served as interim CEO, will return to her role as executive vice president and COO [10] Legal and Regulatory Issues - First Northwest intends to dispute allegations made by 352 Capital, a hedge fund that filed a $106 million lawsuit against the bank [4] - The Ponzi scheme involved Water Station raising over $200 million from investors, with many promised machines allegedly not existing [12]

Core Points - A Texas man, Nathan Fuller, has been denied bankruptcy protection, making him personally liable for over $12.5 million in debts due to his operation of a cryptocurrency Ponzi scheme [1][2][3] - The Bankruptcy Court for the Southern District of Texas issued a default judgment against Fuller after he failed to respond to the U.S. Trustee Program's complaint [2][3] - Fuller admitted to operating Privvy Investments LLC as a Ponzi scheme, falsifying documents, and providing false testimony during the bankruptcy proceedings [2] Company and Industry Summary - Fuller used Privvy Investments LLC to misappropriate investor funds for personal luxuries, including gambling trips and a nearly $1 million home for his ex-wife [1] - The U.S. Trustee Program emphasized its commitment to maintaining the integrity of the bankruptcy system and will not allow fraudulent activities to undermine it [2][3] - Creditors are now able to pursue Fuller directly for the unsecured claims totaling over $12.5 million, as he remains fully responsible for these debts [3]

Core Viewpoint - The U.S. Trustee Program successfully denied bankruptcy protection to Nathan Fuller, who attempted to evade over $12.5 million in debts related to a cryptocurrency Ponzi scheme, highlighting the agency's commitment to combating fraud in the bankruptcy system [1][4][6]. Group 1: Case Background - Nathan Fuller, owner of Privvy Investments LLC, filed for Chapter 7 bankruptcy in October 2024 after a state court appointed a receiver to seize his assets due to investor lawsuits [1]. - Fuller was found to have concealed assets, falsified documents, and lied under oath to avoid repaying creditors [2][4]. Group 2: Fraudulent Activities - Fuller solicited funds under the pretense of cryptocurrency investments but diverted the money for personal use, including luxury items and gambling trips [3]. - He purchased a nearly $1 million home for his ex-wife, who was also involved in the business, while continuing to reside there despite their separation [3]. Group 3: Legal Proceedings - Fuller was held in civil contempt for failing to comply with court orders and admitted to operating Privvy as a Ponzi scheme during the proceedings [5]. - The court entered a default judgment in favor of the USTP after Fuller failed to respond to their complaint, leaving him personally liable for over $12.5 million in unsecured debts [6]. Group 4: USTP's Mission - The USTP aims to protect the integrity of the bankruptcy system and holds dishonest actors accountable, as demonstrated by the outcome of Fuller's case [7].

Texas resident on the hook for $12.5 million in creditor claims after running a crypto 'Ponzi scheme' https://t.co/kDGO3LSjb2 ...

What did I just listen to…“The only thing that matters in a Ponzi scheme is liquidity. The best at driving liquidity now is streamers.”“Media is essential to generating liquidity”“The US economy is a giant liquidity exit scam - the only goal of the economy is for elites to get their money out before the entire thing f*cking collapses”- @goodalexander ...