Two unregistered investment counselors from the shore owe New Jersey a million dollars in civil penalties for running a Ponzi scheme on their investors, according to the New Jersey Bureau of Securities.
A Colts Neck man, charged with operating a $20 million dollar ponzi scheme out of offices in Fair Haven and Miami, admits guilt. 57-year-old Louis Spina confessed to one count of wire fraud in a case that duped dozens of investors.
New Jersey U...
A Manahawkin 51-year-old who tried to hide more than $400,000 she got in a Ponzi scheme, then lied on a bankruptcy filing, can expect to spend up to two years in prison.
A Miami, Florida investment trader who once called Colts Neck home faces charges in New Jersey of running a Ponzi scheme estimated to have cost victims $18,000,000.
The Holmdel Financial scammer who trapped more than 40 homeowners in a ponzi scheme and laundered over seven-and-a-half-million dollars will hear his sentence March 22nd.