A new set of felony charges filed against the Milwaukee attorney Robert Menard allege he was running a Ponzi scheme and accuse him of stealing about $250,000 from his clients. Menard, who billed himself as a worker's compensation lawyer for the "Average Joe," is already faced with two other lawsuits alleging he had stolen hundreds of thousands from clients and his former business partner.

Former NBA player and University of Connecticut star Tate George was sentenced in a New Jersey federal court Thursday to nine years in prison for running a real estate Ponzi scheme.

A former NBA player convicted of fraud in what federal prosecutors say was a real estate Ponzi scheme that swindled other current and former players acted as his own attorney Wednesday as he sought to make his case for a lighter sentence.

BMO Financial Group is facing four federal lawsuits filed by investor groups that claim a bank it acquired in 2011 was complicit in a $3.7 billion Ponzi scheme by a Minnesota man.

A federal judge on Friday rejected jailed former NBA player Tate George's appeal of his 2013 fraud conviction, ruling that the government provided ample evidence for a jury to find him guilty of running a real estate Ponzi scheme.

A former NBA player convicted in a real estate Ponzi scheme is due in court to argue for a new trial.

A former NBA player convicted in a real estate Ponzi scheme has been denied bail by a federal judge in New Jersey.

Sentencing for a former NBA player convicted of ripping off investors in a Ponzi scheme was postponed Wednesday as attorneys for each side squabbled over how much money his victims lost.

A Cedarburg man was sentenced Tuesday to 36 months in prison for defrauding investors of nearly $3 million in a Ponzi scheme. Eric Schmickle, 38, was sentenced in U.S. District Court in Milwaukee. Schmickle’s sentence, handed down by U.S. District Judge Randolph Randa, includes restitution of $2.9 million, one year of supervised release and court costs. That restitution is separate ...

A Cedarburg man who defrauded two Illinois lawyers in a three-year investment scheme must pay them $30 million in punitive damages, a Polk County, Mo., jury decided Tuesday.

The bankruptcy trustee recovering money for victims of the Ponzi scheme operated by imprisoned Minnesota businessman Tom Petters is suing BMO Harris Bank, accusing it as the owner of M&I Bank of aiding and abetting the fraud.

By SAMANTHA HENRY Associated Press NEWARK, N.J. (AP) — Tate George, who hit one of the most memorable shots in UConn basketball history and then went on to a brief NBA career, surrendered to federal authorities in New Jersey on Friday to face charges stemming from what prosecutors say was a Ponzi scheme. George used his company, which he purported ...