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
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