ponzi scheme

Pastor Pleads Guilty to $5 Million Ponzi Scheme

November 1, 2013

Federal law enforcement agents have announced that Pastor Charles Lawrence Kennedy, Jr., of Tampa, Florida, pleaded guilty to one count of wire fraud before United States District Court Judge Christine M. Arguello.  Kennedy was indicted by a federal grand jury in March along with co-defendants Stanley Wayne Anderson, and Edwin Alexander Smith  Smith previously pleaded […]

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California Man Sentenced for Ponzi Scheme

July 30, 2013

Attorney General Kamala Harris announced the prison sentence for a Northern California convicted of defrauding the elderly out of more than $90 million. James Koenig, 60, was sentenced to nearly 42 years in prison by the Shasta County Superior Court on Friday for his role in this Ponzi scheme that was operated in the Bay […]

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