(As a disclaimer, this database is meant for educational purposes only, and was compiled through articles published on Ponzitracker as well as through reporting available on the internet through various sources. Individuals accused of Ponzi schemes are presumed innocent until proven guilty. Kathy Phelps' monthly Ponzi roundups at ThePonziSchemeBlog.com were also a great resource. The database generally only included Ponzi schemes of $1 million or more. Please feel free to direct any comments or inquiries to inquiries@ponzitracker.com.)
2014 Ponzi Scheme List
Ponzi schemes continued to be discovered at a steady pace in 2014, with the 70 uncovered schemes barely surpassing the 67 schemes uncovered in 2013. In 2014, at least 70 Ponzi schemes were uncovered, with a total of more than $1.5 billion in potential losses. This equated to the discovery of a Ponzi scheme roughly every five days. This included at least three Ponzi schemes with estimated losses of at least $100,000,000 or more, with the estimated $300 million in losses in the alleged TelexFree Ponzi scheme ranking as the largest Ponzi scheme exposed in 2014.
In terms of sentencing, at least 136 prison sentences were handed down for those convicted for their role in Ponzi schemes in 2014, with over 1,500 years in cumulative sentences. These figures are well ahead of the sentences handed down in 2013, which saw 117 prison sentences for more than 1,000 years in total. These sentences ranged from mere months to decades in prison, with James Jackson Jr.'s 90-year sentence for a $2.7 million Ponzi scheme ranking as the highest Ponzi sentence handed down in 2014.
A full database of uncovered Ponzi schemes and prison sentences for 2014 is below:
