A Summerfield man was sentenced to nearly two decades in prison on Friday for his involvement in a Ponzi scheme and tax fraud ...

William Lamar Rhew pleaded guilty to wire fraud, money laundering, securities fraud, tax evasion and failure to file tax ...

The investment scheme defrauded 117 investors of at least $24 million through false claims they could become rich, federal ...

While he’s accused of fraudulently using the names of dead or retired baseball players, George Herman Ruth is listed as his legal name on court paperwork. It’s unclear if he may have changed his name ...

— Charles Ponzi, an Italian immigrant in Boston, ran a bogus investment scheme in 1919-20 involving postal currency. As many as 20,000 people invested $8 million to $10 million.