Alleged scheme sold US$46 million in phantom interests in genuine vehicles
Fake advisor admits to fraud, money laundering, witness tampering
Funds overstated performance, used investors' money to pay distributions
Investors sold private structured products as part of a Ponzi scheme
U.S. authorities charge founder, claim platform was a Ponzi scheme
Receiver won't take legal action against banks used in B.C. Ponzi scheme
PwC seeks return of millions from investors that made money in scheme