Todd Burkhalter promised big returns. His victims didn’t realize they were too good to be true.

Wall Street giant faces a class action lawsuit.

Todd Burkhalter pleaded guilty to orchestrating a $380 million scam, likely the largest Ponzi scheme in Georgia history. Prosecutors recommended a 17.5-year prison sentence for the CEO after he ...

Prosecutors called it the largest criminal fraud scheme in the history of the area.

WASHINGTON, D.C. -- The victims of former hedge fund manager Bernie Madoff – the man convicted of perpetrating the largest Ponzi scheme in history – will receive a third disbursement of nearly $700 ...

A financial executive from St. Petersburg, Florida, has admitted to orchestrating what federal prosecutors are calling the largest Ponzi scheme in Georgia’s history. Todd Burkhalter, 54, the founder ...

The last disbursement, of more than $131 million, is being sent to more than 23,000 victims worldwide. When it is completed, more than $4.3 billion will have been distributed by the fund to more than ...

Madoff, 81, is serving a 150-year prison sentence in a North Carolina federal facility for orchestrating the largest Ponzi scheme in history at his firm, Bernard L. Madoff Investment Securities in New ...

R. Allen Stanford, the Texas financier accused of orchestrating one of the largest Ponzi schemes in U.S. history, was found guilty Tuesday of 13 of the 14 counts of fraud he faced. Prosecutors said ...