Content Tagged As ponzi_scheme
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Utah man gets 41 months in Ponzi scheme
October 10, 2011 7:37 PM
DENVER (AP) - A federal judge sentenced a Utah man to 41 months in prison for running a Ponzi scheme that targeted 79 residents of the Four Corners area. The Durango Herald reports that Frederick H.K. Baker was sentenced Friday after pleading guilty this summer to two counts of... more » -
US appeals court upholds Merriman sentence
July 27, 2011 6:48 PM
DENVER (AP) - A federal appeals court is upholding the sentence for a man who told prosecutors he had engaged in a Ponzi scheme that defrauded investors of more than $21 million. Shawn Merriman was sentenced last year in U.S. District Court in Denver to spend 12 years and... more » -
John Elway invests $15M with alleged Ponzi schemer
October 14, 2010 11:03 AM
Former Denver Broncos quarterback John Elway and his business partner gave $15 million to a hedge-fund manager now accused of running a Ponzi scheme. The Denver Post reported Thursday that Elway and Mitchell Pierce filed a motion saying they wired the money to Sean Michael Mueller in March. ... 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 » -
Colorado man sent to prison for Ponzi scheme
May 26, 2010 8:12 AM
A Denver-area businessman has been sentenced to 15 years in prison for running a $32 million Ponzi scheme. Fifty-five-year-old Mark J. Jackson was also sentenced Tuesday to five years of mandatory parole. Jackson pleaded guilty earlier this year to a felony charge of racketeering. Prosecutors say he took money... more » -
Denver-area man accused in Ponzi scheme
April 28, 2010 3:42 PM
A hedge fund manager who claimed his investments never lost money even during the downturn faces allegations of running a Ponzi scheme. Sean Mueller claimed assets of $122 million in one fund in December. Bank accounts seized by Colorado Tuesday showed a balance of $15 million, regulators said Tuesday.... more » -
Boulder company accused of Ponzi scheme
April 22, 2010 11:16 AM
The owners of a Boulder investment firm are accused of running a ponzi scheme that promised investors annual returns of between 20 percent and 500 percent. Bela A. Geczy of Longmont and Michael Kass are accused of muliple counts of securities fraud and organized crime in a scheme that... more » -
Ft. Carson soldier arrested in possible financial scam
March 26, 2010 6:36 PM
It's something Sandra Clamon didn't expect she would have to do, speak out against another soldier. "I was stationed with him in the same unit in Iraq. So he was one of my fellow soldiers," says Sandra Clamon, who says she's a victim of a financial scam. After... more » -
Florida ex-attorney pleads guilty in Ponzi scheme
January 27, 2010 1:26 PM
A disbarred South Florida attorney has pleaded guilty to federal charges that he ran a $1.2 billion Ponzi scheme using phony legal settlements. Scott Rothstein pleaded guilty Wednesday in Fort Lauderdale federal court to five charges, including racketeering, fraud and money-laundering conspiracy. The 47-year-old faces a maximum of 100... more » -
Madoff yacht, boats sold at auction in Florida
November 17, 2009 7:07 PM
Bernard Madoff's yacht "Bull," two smaller boats and a Mercedes-Benz convertible have been auctioned in Florida for more than $1 million combined. Madoff's 1969 Rybovich, a 55-foot fishing boat, sold for $700,000 to an unknown buyer. A 38-foot Shelter Island runabout named "Sitting Bull" went for $320,000 and the 24-foot... more » -
Madoff's yacht, 2 smaller boats up for auction
November 16, 2009 1:57 PM
A vintage 55-foot yacht named "Bull" and two smaller boats that once belonged to imprisoned financier Bernard Madoff are headed for the auction block, along with an even bigger yacht once owned by Madoff's right-hand man. Madoff's 1969 Rybovitch sportfisher, a wooden boat meticulously restored, is the prize offering... more » -
Madoff's long-time auditor pleads guilty
November 3, 2009 11:10 AM
Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan. David Friehling entered a plea Tuesday. The judge was questioning him before deciding whether to accept it. Prosecutors said previously that they expected Friehling to plead guilty to securities fraud and... more »
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