Tag: Ponzi Scheme
Todd Burkhalter, Ponzi Scheme, Georgia 2020
⏱ 3 min read Todd Burkhalter, the CEO of Georgia-based financial advisory group Drive Planning, orchestrated a massive $380 million Ponzi scheme that duped thousands of investors across the country. Between September 2020 and June 2024, Burkhalter and his cohorts marketed fake investment opportunities, including the ‘Real Estate Acceleration Loan’ and ‘Cash Out Real Estate…
Leor Moshe, Wire Fraud, New Jersey 2026
⏱ 2 min read Leor Moshe, a 43-year-old man from Tom’s River, New Jersey, has admitted to running a massive Ponzi scheme that defrauded over 97 members of the Orthodox Jewish community out of more than $47 million. The scheme, which lasted from June 2019 to June 2023, involved Moshe convincing investors to put their…
Trevor Uhls, Wire Fraud, Missouri 2026
⏱ 2 min read Trevor Uhls, a 29-year-old from Lee’s Summit, Missouri, has been accused of running a Ponzi scheme that defrauded at least 24 investors out of more than $2 million. The scheme, which allegedly started in 2025, involved Uhls promising investors high returns on storage unit investments. However, instead of investing the money,…
Matthew Melton, Securities Fraud, New York 2026
⏱ 2 min read Matthew Melton, a convicted fraudster, ran a Ponzi scheme in New York, promising investors guaranteed returns of up to 12% per month through his ‘Price Physics’ investment vehicle. However, instead of investing the funds as promised, Melton used the money to pay his personal expenses, including mortgage payments and sailing excursions,…
Chad Michael Boal, Wire Fraud, Conspiracy, Money Laundering, Iowa 2026
⏱ 2 min read Chad Michael Boal, 58, and Cory Duane Richards, 52, both from Burlington, Iowa, have been indicted for running a multi-million dollar Ponzi scheme that affected dozens of victims in the Southern District of Iowa. The scheme, which operated through various fake business entities, promised high returns and low risk to investors.…
Trevor Uhls, Ponzi Scheme, Missouri 2026
⏱ 2 min read A 29-year-old Lee’s Summit man, Trevor Uhls, is accused of running a Ponzi scheme that defrauded over $2.1 million from individual investors in Missouri. The alleged scheme involved promising investors a 10-15% return on their principal investment after 30, 60, or 90 days through promissory note contracts. However, investors reportedly received…
Christopher Delgado, Ponzi Scheme, Florida 2023
⏱ 3 min read Christopher Delgado, the President and CEO of Goliath Ventures, orchestrated a massive Ponzi scheme in Orlando, Florida, scamming over 1,000 investors out of at least $400 million from January 2023 to January 2026. Delgado’s scheme involved soliciting victims to invest in fake cryptocurrency ‘liquidity pools’ with promises of monthly returns. Instead,…
Dakota A. Smith, Ponzi Scheme, Florida 2026
⏱ 2 min read Florida man Dakota A. Smith, 35, got slammed with 15 years in the slammer for running a brazen Ponzi scheme that swindled investors out of $20 million. The scam ran from 2021 to 2024, with Smith touting fake ownership of e-commerce and aviation companies to unsuspecting investors across the US. Smith’s…
Olena Oblamska, Wire Fraud, Oregon 2026
⏱ 2 min read A 42-year-old Ukrainian national, Olena Oblamska, has been extradited from Thailand to the United States to face charges for her role in a global Ponzi and pyramid scheme that took in approximately $340 million from victim-investors around the world. The scheme, which was operated through a platform called Forsage, was advertised…
Warith Deen Muhammad, Wire Fraud and Violating the Travel Act, Virginia 2026
⏱ 2 min read Warith Deen Muhammad, a 39-year-old from McLean, Virginia, ran a precious metals investment firm in Alexandria called Niagara Gold and Silver LLC. From November 2021 to June 2023, Muhammad scammed over a dozen investors out of more than $1.5 million by promising them guaranteed profits of 5-10% and returns within 30…
