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.

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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.

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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.

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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.

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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.

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

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

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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.

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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 ...

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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.

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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.

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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 ...

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