A U.S. attorney’s statement says that 66-year-old Michael Stewart of Phoenix and 63-year-old John Packard of Long Beach were arrested Wednesday.
A Riverside man has been sentenced to 26 years in prison for bilking victims across three states of millions in a real estate Ponzi scheme.
Adam Boskovich, of Laguna Niguel, has surrendered on a warrant to face charges of cheating 80 Orange County investors out of millions of dollars.
Two licensed insurance agents will appear in court Friday on charges they ran a $1.3 million Ponzi scheme targeting Latino investors, many of them senior citizens.
The concert promoter of events featuring Christian rock bands was sentenced to 57 months in federal prison for a wire fraud scheme that bilked nearly $1 million from investors.
A man who had been a fugitive for more than five years after being indicted for allegedly running a “large-scale Ponzi scheme” is scheduled to be arraigned Tuesday morning.
An Orange County man has been convicted of scamming dozens of elderly people out of about $2.8 million dollars.
A Chatsworth man pleaded guilty Tuesday to scamming nearly $13.5 million from his friends and family members who thought they were financing a wholesale business that distributed NASCAR merchandise.
Three former elementary school PTA members have been arrested and charged with running an alleged Ponzi scheme in Southern California that defrauded more than 40 people out of millions.
Tobey Maguire didn’t just win $300,000 from a man convicted of running a Ponzi scheme — the actor’s attorney notes he also lost $168,500 to the convicted con man.
A veteran real estate broker and former Irvine planning commissioner has agreed to plead guilty to interstate wire fraud in federal court, admitting he cheated 34 people out of more than $4 million.
The head of National Lampoon Inc. was arrested Wednesday in West Hollywood in an alleged Ponzi scheme involving about $200 million.
Prosecutors say Peter Frommer entered pleas in federal court Tuesday to wire fraud, money laundering and failing to file taxes. He faces up to 33 years in prison.