Content Tagged As ponzi
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Man sentenced in Ponzi scheme
March 4, 2011 7:33 PM
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... more » -
Colorado man convicted in $3.4 M Ponzi Scheme
January 25, 2011 7:28 AM
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... more » -
2 Boulder Co. men plead guilty to Ponzi scheme
January 13, 2011 7:40 AM
LONGMONT, Colo. (AP) - Two Boulder County men have pleaded guilty to involvement in a scheme that authorities say cost investors more than $18 million. The Longmont Times-Call reports that Bela Geczy of Longmont and Michael Kass of Boulder pleaded guilty Wednesday to two counts each of securities fraud.... more » -
Former Colorado Mormon bishop sent to prison
September 15, 2010 8:22 AM
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... more » -
Billion dollar fraud scheme in Florida
December 1, 2009 11:38 AM
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... more » -
Trustee says $530 million paid to Madoff victims
October 28, 2009 2:28 PM
The trustee overseeing the liquidation of Bernard Madoff's assets says more $530 million has been paid so far to victims of the disgraced financier's massive fraud. Trustee Irving Picard said in a briefing on Wednesday that he had identified $21.2 billion in losses in about 2,300 customer accounts. The money... more »
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