• A Bugatti Veyron, a Gulfstream private jet, and a $330,000 diamond ring: Feds charge 3 men for alleged $364 million Ponzi scheme to fund lavish lifestyle

    2 monthes ago - By Chron

    Federal prosecutors have charged three men in connection with an alleged $364 million Ponzi scheme that could have more than 400 victims nationwide.
    The men were indicted on charges of conspiracy, wire fraud, identity theft, and money laundering.
    The indictment alleges that the three men took $73 million of investors' funds "to purchase and renovate high end homes in Maryland, Texas, Nevada, and Florida, purchase luxury automobiles, jewelry, boats, and a share in a jet plane, gamble $25 million at casinos, and support a lavish lifestyle."
    A federal grand jury has indicted three men on...
    Read more ...

     

  • A Bugatti Veyron, a Gulfstream private jet, and a $330,000 diamond ring: Feds charge 3 men for alleged $364 million Ponzi scheme to fund lavish lifestyle

    A Bugatti Veyron, a Gulfstream private jet, and a $330,000 diamond ring: Feds charge 3 men for alleged $364 million Ponzi scheme to fund lavish lifestyle

    2 monthes ago - By Business Insider

    Federal prosecutors have charged three men in connection with an alleged $364 million Ponzi scheme that could have more than 400 victims nationwide.
    The men were indicted on charges of conspiracy, wire fraud, identity theft, and money laundering.
    The indictment alleges that the three men took $73 million of investors' funds "to purchase and renovate high end homes in Maryland, Texas, Nevada, and Florida, purchase luxury automobiles, jewelry, boats, and a share in a jet plane, gamble $25 million at casinos, and support a lavish lifestyle."
    A federal grand jury has indicted three men on...
    Read more ...

     

  • A Bugatti Veyron, a Gulfstream private jet, and a $330,000 diamond ring: Feds charge 3 men for alleged $364 million Ponzi scheme to fund lavish lifestyle

    A Bugatti Veyron, a Gulfstream private jet, and a $330,000 diamond ring: Feds charge 3 men for alleged $364 million Ponzi scheme to fund lavish lifestyle

    2 monthes ago - By Business Insider

    Federal prosecutors have charged three men in connection with an alleged $364 million Ponzi scheme that could have more than 400 victims nationwide.
    The men were indicted on charges of conspiracy, wire fraud, identity theft, and money laundering.
    The indictment alleges that the three men took $73 million of investors' funds "to purchase and renovate high end homes in Maryland, Texas, Nevada, and Florida, purchase luxury automobiles, jewelry, boats, and a share in a jet plane, gamble $25 million at casinos, and support a lavish lifestyle."
    A federal grand jury has indicted three men on...
    Read more ...

     

  • SEC Philly office, DOJ charge three men in $345M Ponzi investment scam

    2 monthes ago - By Philly

    The SEC also alleges that Merrill and Ledford stole at least $85 million of the investor funds to maintain lavish lifestyles, spending millions of dollars on luxury items, including $10.2 million on at least 25 high-end cars, $330,000 for a 7-carat diamond ring, $168,000 for a 23-carat diamond bracelet, millions of dollars on luxury homes, and $100,000 to a private fitness club.
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