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Ponzi scheme

File photo of a judge's gavel. (Photo by Joe Raedle/Getty Images)

Branford Man Faces Sentencing For Ponzi Scheme

A Branford man is facing sentencing for operating a Ponzi scheme that defrauded more than 50 investors of about $3.6 million.

03/16/2014

File photo of Tate George. (Tim DeFrisco/Allsports/Hulton Archive/Getty Images)

Tate George Disputes Key FBI Accusations During Testimony

During his testimony, former University of Connecticut basketball star Tate George denied several accusations against him from the Federal Bureau of Investigations.

09/26/2013

(Photo by Spencer Platt/Getty Images)

Connecticut Bank Settles Madoff Lawsuits, Wins Verdict

A Connecticut bank has agreed to pay more than $7 million to investors who lost millions of dollars in Bernard Madoff’s massive Ponzi scheme but it also won a jury verdict involving two of the investors, attorneys said Thursday.

07/18/2013