1 Day
Source:
New York Post
Marin County finance executives face charges in $100M Ponzi
Two California financiers are indicted for allegedly running a $103 million Ponzi scheme targeting seniors and retirees. They falsely promoted the funds as profitable real estate loan investments, but in reality used investor money to pay previous investors and cover personal expenses. The scheme collapsed when investors demanded withdrawals, leading to bankruptcy, with authorities seeking prosecution.
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