Wednesday, January 25, 2017

Update: New Martinsville Ponzi scheme perpetrator sentenced to 10+ years

The perpetrator of a massive Ponzi scheme in Wetzel County WV has been sentenced to 10 years and one month in federal prison. Over 800 victims lost over $30 million in the mail fraud, wire fraud, and money laundering scheme we reported here in March 2016

Unfortunately most victims will never get much if any of their money back. For more information about the sentencing see


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