Ponzi Scheme

Investment fraudsters owe NJ $1M
Investment fraudsters owe NJ $1M
Investment fraudsters owe NJ $1M
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.
Colts Neck Man Faces 20 years in Ponzi Scheme
Colts Neck Man Faces 20 years in Ponzi Scheme
Colts Neck Man Faces 20 years in Ponzi Scheme
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...