Ponzi Schemes Continue to Proliferate in 2014


Jordan Maglich of Ponzitracker.com wrote an in depth article that analyzed Ponzi schemes revealed and sentenced in 2014. See the excerpt below or read the full article here.

Despite a burgeoning economy, increased regulation, and heightening scrutiny on financial crime, data compiled by Ponzitracker shows that Ponzi schemes continued to be uncovered at a steady pace in 2014 and result in numerous and lengthy prison sentences for the perpetrators.  In 2014, at least 70 Ponzi schemes involving more than $1.5 billion in investor funds were uncovered – equating to the discovery of a new scheme every five days.  Additionally, nearly 1,500 years in prison sentences were handed down in 2014 to at least 136 individuals for their involvement in Ponzi schemes.

Dynamic Securities Analytics prepared the interactive graphics below to accompany the PonziTracker article. Schemes can be filtered by State, Dollars at Issue, Months Sentenced and Months per Million $ Sentenced. There is also a tab that shows a state heat map, so be sure to click on both the “revealed” and “sentenced” tab.