Ponzi Scheme = $63 Million - I
May 7, 2010
A $63 million Ponzi scheme got a California man jammed up, and he was convicted on several charges.
Mr. Schiff: A $63 million Ponzi scheme got a California man jammed up, and he was convicted on several charges.
Mr. Goldman: "He faced mail fraud, wire fraud, some false statements to law enforcement, and a criminal forfeiture count.”
Mr. Schiff: That’s FBI Special Agent Steve Goldman in Los Angeles, who says the main player in the scam went to trial.
Mr. Goldman: "He was convicted on all counts. He then was sentenced. He received 25 years in prison, and upon his release, he’s to be deported.”
Mr. Schiff: Goldman says this guy brought into meetings unsuspecting citizens, mostly from Southern California’s Latino community, saying that they could make big money investing with him.
Mr. Goldman: "None of legitimate investing was going on; this was all just kind of a fraud. The money was really taken in, if not used for personal gain by the subjects of the investigation, it was being used to pay victims back their supposed interest payments.”
Mr. Schiff: Goldman has a tip for you: if there are unrealistic promises being made, don’t invest. I’m Neal Schiff of the Bureau, and that’s the FBI’s Closed Case of the Week.”
- 03.22.2017 — Wanted by the FBI: Missing Woman Amy Lynn Bradley
- 03.20.2017 — Inside the FBI: FBI Cautions Consumers About Tax-Related Crimes
- 03.17.2017 — FBI, This Week: Be on the Lookout for Tax-Related Fraud
- 03.13.2017 — FBI, This Week: Seeking Tips on Top Ten Fugitive Eduardo Ravelo on Anniversary of Consulate Murders
- 03.10.2017 — Wanted by the FBI: Seeking Public Tips on Top Ten Fugitive Eduardo Ravelo