Travis Kelce, Ponzi
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KANSAS City Chiefs tight end Travis Kelce is making headlines unrelated to either football or his pop star wife, Taylor Swift, but rather for his recent involvement in a $35 million Ponzi scheme.
In a unanimous decision filed September 16, Idaho's highest court vacated a $1.5 million negligence verdict against Pacific Life Insurance Company, finding the insurer had no duty to protect a policyholder from losses tied to a fraudulent investment sold by someone else.
Turkey's SPK ordered the liquidation of 131 investment funds holding $18.3 billion after Ponzi-like scheme concerns triggered massive outflows
Daily Digest: Security guards set to strike, ex-East Bay financial advisory jailed over Ponzi scheme
A 78-year-old Bay Area former financial adviser was just sentenced to 9 years in federal prison for a decades-long Ponzi scam. Lickiss admitted that he defrauded at least 93 victims of over $9.5 million from 1998 through 2024.
The regulator says the affinity-fraud scam targeted inexperienced investors, many of whom are Christians of Ghanaian heritage in New York and New Jersey.