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Bankruptcy can be scary, especially when using Chapter 7. This is known as “liquidation” bankruptcy, and it sounds like your money and assets all go away to pay off your debts. In reality, there are exemptions that protect your money, though they are limited in how they protect your bank account.
Below is a summary of Ponzi scheme activity reported for March 2025. There were at least 2 new Ponzi schemes revealed this month, 1 guilty plea, 1 conviction, and the average age of the fraudsters was about 56 years old. At least 35 years of prison sentences were imposed. Please feel free to post comments about these or other Ponzi schemes that I may have missed.