Texas investors fooled by Ponzi scheme

January 11th, 2013 by Tad Nelson in Criminal Defense

A $195 million Ponzi scheme has affected 724 victims in multiple states, including several Texas investors. At least three of the perpetrators behind the investment scheme have received felony sentences, including an order to pay more than $155 million in restitution. As defined by the FBI, a Ponzi scheme typically promises high financial returns or […]

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