Content Tagged As ponzi

4 years 3 weeks ago

Man sentenced in Ponzi scheme

The El Paso County District Attorney's office announced that Delroy Henry was sentenced this morning to the maximum sentence of 12 years in prison for several counts of Securities Fraud. Henry, a former Sgt. in the Army, served as a financial adviser to soldiers. He stole over $700,000 in a...

4 years 1 month ago

Colorado man convicted in $3.4 M Ponzi Scheme

DENVER (AP)-- A Colorado man faces more than 48 years in prison for his involvement in businesses that took out loans using fake home buyers. The state Attorney General's Office said Monday that a jury convicted 39-year-old John Reinholdt of violating and conspiracy to violate the Colorado Organized Crime...

4 years 6 months ago

Former Colorado Mormon bishop sent to prison

A former stockbroker accused of running a $21 million Ponzi scheme from his suburban Denver home for 15 years has been sentenced to 12½ years in federal prison. Victims packed the courtroom Tuesday when U.S. District Judge Marcia Krieger sentenced Shawn Merriman. He had pleaded guilty to defrauding at...

5 years 3 months ago

Billion dollar fraud scheme in Florida

A once high-flying South Florida attorney is now facing federal criminal charges that he operated an investment fraud scheme using faked legal settlements. Prosecutors are expected to file criminal racketeering charges Tuesday against lawyer Scott Rothstein, according to two law enforcement officials speaking on condition of anonymity because of the...

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