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California Woman Pleads Guilty to $2.2 Million Ponzi Scheme

A California woman admitted to masterminding a Ponzi scheme that bilked investors out of at least $2.2 million. Celia Gallardo, 42, pled guilty to a single count of wire fraud stemming from her role in the scheme. She was arrested earlier this year in July after a grand jury returned a sixteen-count...

Authorities Charge Three With $28 Million Ponzi Scheme That Targeted Retirees

Authorities charged three men with operating a massive Ponzi scheme that targeted retirees and raked in nearly $30 million. Robert C. Pribilski, 54, Mahmut Erhan Durmaz, 42, and John T. Burns III, 53, were each charged with multiple criminal fraud counts, with Pribilski and Durmaz each charged with five...