OC Investment Adviser Accused Of Swindling $30M From Ex-USC QB Sanchez, Other Pro AthletesFederal investigators say former USC quarterback Mark Sanchez and several other pro athletes were cheated out of more than $30 million.
Former Lawyers For Man Who Once Claimed He Was Sexually Abused By Hollywood Executives Apologize To AccusedA spokesperson for Ancier released a statement that said the apology was accompanied by an undisclosed monetary payment but acknowledged it was "in the seven figures."
L.A. Clergyman Sentenced For Ponzi SchemeA Los Angeles clergyman who ran a Ponzi scheme that cost investors $4.6 million has been sentenced to 10 years in federal prison.
Pastor At Chatsworth Church Gets 10 Years In Prison For $7M Ponzi SchemeA pastor at a Chatsworth church, who pleaded guilty to bilking more than 82 people out of nearly $7 million, has been sentenced to more than 10 years in federal prison.
Calif. Men Arrested In Alleged $110M Finance FraudA 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.
Riverside Man Sentenced For Real Estate Ponzi SchemeA Riverside man has been sentenced to 26 years in prison for bilking victims across three states of millions in a real estate Ponzi scheme.
Man Accused Of Milking $17M From Investors In OC's Largest-Ever Ponzi Scheme SurrendersAdam Boskovich, of Laguna Niguel, has surrendered on a warrant to face charges of cheating 80 Orange County investors out of millions of dollars.
Insurance Agents Accused Of $1.3M Ponzi Scheme Targeting Senior Latino InvestorsTwo 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.
Christian Concert Promoter Sentenced For $1M Ponzi SchemeThe 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.
Fugitive Suspected In Large-Scale Ponzi Scheme Due In Court 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.
OC Man Convicted Of Scamming Dozens Out Of $2.8MAn Orange County man has been convicted of scamming dozens of elderly people out of about $2.8 million dollars.
Chatsworth Man Pleads Guilty In Ponzi CaseA 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.