Archive for April 8, 2009

Another One Bites The Dust: Ponzi Scheme

Posted in Fraud, Investments, Personal Finance with tags , , on April 8, 2009 by Vicky

According to a Los Angeles FBI press release, an Orange County man pleaded guilty to federal fraud charges related to a long-running Ponzi scheme in which he collected more than $15 million from investors with bogus promises of annual returns as high as 18 percent.

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