Ponzi

Rosen Law Firm Investigates XP Inc. for Alleged Ponzi Scheme, Prepares Class Action to Recover Investor Losses

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NEW YORK — The Rosen Law Firm, renowned worldwide for advocating investor rights, is presently examining possible securities claims on behalf of shareholders of XP Inc. This inquiry has been prompted by alleged misleading business information provided by the company to its investors. XP Inc., recognized as a Brazillian fintech entity on the Nasdaq, came under scrutiny when Grizzly Research, on March 12, 2024, published a damning report. The report claimed: “XP’s entire profits hinge on what insiders term a ‘Madoff-Like Ponzi Scheme.’” The revelations outlined XP’s alleged engagement in a large-scale Ponzi scheme, primarily … Read more

Las Vegas Lawyer Accused of $500 Million Ponzi Scheme Sues FBI After Being Shot During Arrest

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Las Vegas, Nevada – Matthew Beasley, a Las Vegas attorney embroiled in legal battles over his alleged involvement in a $500 million Ponzi scheme, is now suing the U.S. government and the FBI agents involved in his shooting during a March 2022 armed standoff at his home. Beasley, who is currently in federal custody, represents himself and has named three FBI agents in his amended lawsuit concerning the confrontation. Legal documents reveal that when FBI agents arrived at Beasley’s residence on March 3, 2022, to question him about the scheme, they encountered him armed and … Read more

Federal Trial Uncovers Alleged Multi-Million Dollar Ponzi Scheme by Disbarred California Lawyer

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Los Angeles, CA — In a significant turn of events in the criminal fraud trial involving former attorney Tom Girardi, federal prosecutors told a California federal jury Monday that Girardi deceitfully misused millions of dollars from his clients’ settlements. According to prosecutors, Girardi’s actions were part of an extensive Ponzi scheme that he orchestrated for several years. The trial, which has captured the attention of legal communities and the public alike, paints a starkly different picture of the man once revered as a high-power litigator. The prosecutor in the case vehemently detailed how Girardi repeatedly … Read more

Attorney Calls for Action as Investors Grapple with $300 Million Ponzi Scheme Fallout

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Fishers, IN — An attorney has issued a call to action for investors who suffered significant financial losses due to a suspected Ponzi scheme operated by a company previously located at 8100 E. 106th St. in Fishers, just off Interstate 69. The financial deception has left many savvy investors in a state of disbelief after being duped by what appeared to be a lucrative opportunity. Shawn Good, representing the aggrieved former clients of Drive Planning, emphasized that his clients, despite their professional accomplishments and educational backgrounds, fell victim to the scheme which promised considerable returns. … Read more