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Guilty Plea Expected By 26-Year Old 'Jet-Setter' Accused of $10 Million Ponzi Scheme

A 26-year old south Florida man is expected to plead guilty to criminal charges that he masterminded a $10 million Ponzi scheme that financed a his worldwide jet-setting lifestyle. Donald R. French Jr., 26, is scheduled to appear before a Florida federal judge on March 15, 2013 to enter a plea agreement...

Jury Needs Six Minutes to Convict Texas Man of $11 Million Ponzi Scheme

A federal jury needed just six minutes to return with a guilty verdict against a Texas man on trial for a $11 million Ponzi scheme. Gary Lynn McDuff, 58, was convicted of one count of conspiracy to commit wire fraud and one count of money laundering, each of which carry a maximum sentence of 20 years...

Former Hawaiian Political Candidate Gets Four-Year Prison Sentence For $1.4 Million Ponzi Scheme

A Hawaiian man who once served as an Army reservist and former president of the Filipino Chamber of Commerce has been sentenced to four years in prison for masterminding a $1.6 million Ponzi scheme that bilked over 30 investors. Jason Pascua, 39, received the sentence after previously pleading guilty...

Husband, Wife, and Son Indicted in $10 Million Ponzi Scheme

In what is being touted as one of the largest investment scams in Boston since Charles Ponzi's infamous scheme nearly 100 years ago, Massachusetts authorities unveiled additional charges against a husband, wife, and previously-uncharged son for orchestrating a massive Ponzi scheme that allegedly...