Blog Archives

A Ponzi scheme, named after Italian Immigrant Charles Ponzi, is a form of investment fraud. In basic terms, a Ponzi scheme is an investment operation where existing investors are paid a return from funds contributed by new investors instead of … Read More

While mail fraud in Arizona used to be limited to fraud using the mail, today the law has been used to prosecute bank fraud, wire fraud and health care fraud. In general, mail fraud requires prosecutors to prove 4 elements. … Read More

An Arizona man pleaded guilty to fraud today for defrauding numerous insurance companies out of more than $80,000. Michael Swedo, was given 5 years in prison and ordered to repay the $83,356 along with a $5,000 fine. Swedo’s scam involved … Read More