La. businessman indicted in alleged Ponzi schemepublished Fri, Nov 20 2009 17:28 GMT
A Louisiana businessman was charged Friday with engaging in a Ponzi scheme to defraud about 160 investors _ mostly elderly people _ out of roughly $19.5 million and using some of the money to pay for cars, cruises, sports tickets and a house. A federal grand...
Fraud - Ponzi scheme - Louisiana - Indictment - Investment
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