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 http://seniorlegalaid.blogspot.com/2016/03/budget-finance-in-new-martinsville-in.html

Unfortunately most victims will never get much if any of their money back. For more information about the sentencing see www.theintelligencer.net/news/top-headlines/2017/01/woman-sentenced-in-wetzel-county-budget-finance-ponzi-scheme/

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