June 09, 2021
A Manhattan federal judge hit a health care sales executive with over 4½ years in prison Wednesday for assisting his former boss in a Ponzi-like fraud that cost their employee-investors nearly $10 million.
September 21, 2020
The head of purported Boston venture capital firm Downing Partners LLC pled guilty on Monday to securities and wire fraud charges in connection with what prosecutors called a "Ponzi-like" scheme to bilk dozens of Downing employee investors out of millions of dollars.
June 14, 2019
A Rhode Island man and his Boston investment company scammed 40 employees out of more than $10 million by forcing them to invest in the company and using the money to pay for operating expenses, Massachusetts' securities watchdog said Friday, as federal charges tied to the alleged scheme were unsealed in New York.