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confidence trick
(redirected from Fraudulent investment scheme)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
See: bunko


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A New York fund manager was accused Tuesday of running a 40-million-dollar fraudulent investment scheme that pumped clients' money into pornography mail order business, officials said.
Agents were investigating LaCoste on suspicion of operating a fraudulent investment scheme, using manipulation or deception to sell securities by way of mail and/or wire fraud, according to the FBI's statement of probable cause.
Rycroft had previously cheated friends and colleagues of more than pounds 200,000 in a fraudulent investment scheme and by pretending he had cancer.
 
 
 
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