Ponzi scheme - Providence Business News

SCAM STOPPERS: Lee H. Vilker, head of the criminal division at the U.S. Attorney’s Office in Rhode Island, helps prosecute people accused of defrauding others through investment schemes.  PBN PHOTO/MICHAEL SALERNO

In some investor scams, warning flags are waving

Financial Services 11/11/2022

As a federal prosecutor, Lee H. Vilker deals with not only criminal defendants but the victims of those crimes. Vilker, head of the criminal division...

West Warwick man pleads guilty to running $14M Ponzi scheme

Financial Services 09/28/2022

PROVIDENCE – A West Warwick man admitted to conducting a decadelong Ponzi scheme that defrauded investors of roughly $6 million, the U.S. Department of...

MONIQUE N. BRADY has been sentenced in U.S. District Court in Providence for her role in a $10 million Ponzi scheme fraud involving foreclosed properties and homes for resale. / PBN FILE PHOTO

Ponzi scheme leader sentenced to 8 years in federal prison, ordered...

Government 02/11/2020

PROVIDENCE – Monique N. Brady of East Greenwich, perpetrator of a $10.3 million Ponzi scheme, was sentenced Tuesday to eight years in federal prison...

MONIQUE N. BRADY has pleaded guilty in U.S. District Court to a $10 million Ponzi scheme fraud involving foreclosed properties and homes for resale. / PBN FILE PHOTO

$10M Ponzi scheme leader pleads guilty

Government 07/11/2019

PROVIDENCE – Monique N. Brady pleaded guilty to charges related to a $10 million Ponzi scheme fraud in U.S. District Court in Providence Thursday,...

R.I. man charged with defrauding investors in Ponzi scheme

Financial Services 06/17/2019

PROVIDENCE – David Wagner of East Greenwich and Downing Partners LLC and its subsidiaries have been charged with defrauding investors out of millions of dollars. Separate...

A WEST WARWICK man was indicted on several counts of tax fraud, wire fraud and tax evasion related to an alleged $14 million Ponzi scheme that defrauded investors of roughly $6 million. / COURTESY CAROL M. HIGHSMITH

West Warwick man indicted for $14M Ponzi scheme

Financial Services 04/10/2019

WEST WARWICK – Thomas Huling of West Warwick allegedly ran a $14 million, decade-long Ponzi scheme, defrauding investors of roughly $6 million, according to...