ponzi schemes

Charlotte Man Pleads Guilty to Securities Fraud in Ponzi Scheme

by ParkmanLawFirm May 24, 2013 Criminal Law

Stephen Maiden, 40, pleaded guilty on Thursday to carrying out a Ponzi scheme that caused a total loss to victims of at least $8.9 million.  The United States Attorney’s Office in Charlotte says Maiden conducted this scheme through his Charlotte based hedge fund:  Maiden Capital Opportunity Fund. Maiden formed his hedge fun in October 2006 […]

Read the full blawg post →

Milton Man Sentenced for Ponzi Scheme

by ParkmanLawFirm April 29, 2013 Criminal Law

Arnett L. Waters has been sentenced to 17 years in a federal prison for his involvement in a large Ponzi scheme that defrauded customers out of millions of dollars by selling coins at inflated prices. In addition to the prison sentence, Waters will also face three years of supervised release, as well as restitution and […]

Read the full blawg post →