Recent Posts in Ponzi Scheme Category
Posted on May 13, 2012 By admin
A San Marino, California businessman was sentenced to over 10 years in federal prison for operating a scheme to defraud banks, where he used straw borrowers with fake documents to obtain about $9 ...
Continue reading "San Marino Man Sentenced to Federal Prison in Bank Fraud Scheme" »
Posted on Jan 6, 2011 By admin
A United States attorney announced that brothers Matthew La Madrid and Lance La Madrid pled guilty in federal court to conspiracy and mail fraud charges in connection with their operation of the Plus ...
Continue reading "Brothers Plead Guilty for Their Role in Ponzi Scheme and Mortage Fraud" »
Posted on Nov 29, 2010 By admin
In Los Angeles, California, the promoter of a bogus investment scheme involving distressed business assets pleaded guilty to federal charges related to a Ponzi scheme in which he raised at least $12 ...
Continue reading "Santa Barbara Man Pleads Guilty to Federal Fraud and Tax Evasion" »