Business Jan 29, 2015

MRI owner to pay $584 million for bilking Japanese investors

A Las Vegas businessman and his company, MRI International Inc., were ordered to pay $584 million after a judge ruled that they defrauded Japanese investors in a Ponzi scheme. Edwin Fujinaga was found liable in October in a U.S. Securities and Exchange Commission lawsuit claiming ...

World / Crime & Legal Nov 7, 2014

U.S. announces first bitcoin securities fraud case

The U.S. government on Thursday announced its first bitcoin securities fraud case, accusing a Texas man of engineering a Ponzi scheme by getting people to turn over their bitcoins in return for promises of high interest rates and the ability to recoup their investment ...

Business Aug 12, 2014

U.S. agency warns consumers about bitcoin risks

Federal regulators are warning consumers about the risks of using virtual currencies such as bitcoin. The Consumer Financial Protection Bureau said Monday that it will begin fielding complaints from people who rely on products such as bitcoin and online exchanges for such currencies. In issuing an ...

World / Crime & Legal Jul 16, 2014

Madoff sons took millions for real estate, trustee alleges

Bernard Madoff's sons created accounts out of thin air and engineered sham loans to buy pricey Manhattan real estate as they diverted tens of millions of dollars of money from their father's firm, a court-appointed trustee said Tuesday. In an amended lawsuit against Andrew Madoff ...