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Ponzi-like scheme scammed immigrants, feds say South Florida a hotbed of affinity fraud

Four more charged in Venezuelan-targeted investment scheme

Days after a payday loan operation was fined more than $39 million to settle Securities and Exchange Commission charges of defrauding investors, four top sales reps of the company, Sky Group USA LLC, have been formally charged with wrongdoing by the regulatory agency.

SEC: Payday loan scheme bilks investors out of millions

Federal regulators say the owner of a Miami-based payday loan company bilked hundreds of investors out of millions of dollars and repaid others with money he acquired from a Ponzi scheme

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