Ponzi

An Instagram influencer, Jebara Igbara, also known as “Jay Manzini,” has pleaded guilty to luring investors into a multimillion-dollar Ponzi scheme. Authorities say he cheated his followers and drained almost $8 million in the sting.  According to a Justice Department report,...

Victims of Bernie Madoff's Ponzi scheme have gotten their biggest victory since it all happened, as Irving Picard, trustee of the Madoff victims, settled with the estate of Jeffry Picower, according to the Wall Street Journal. According to the U.S. Attorney for the Southern District of New York,...

U.S. officials have broadened investigation into the supposed $8 billion Ponzi scheme run by Sir Allen Stanford, according to the FT. The SEC is looking at brokerage executives who put clients money into International Bank, the bank that was run by Stanford.

This is the first installment of Real Estate: Charting A New Course, a three-part special report on the state of the American real estate market. This series is based on Alex Schiff’s conversations with Steve Chaben, managing director and regional manager of Marcus & Millichap’s Detroit and...