Alleged Ponzi Schemer Released On $1M Bail

Law360, New York (September 27, 2010, 5:13 PM EDT) -- A woman accused of bilking Filipino immigrants in New York City out of more than $1 million — leading them to believe they were funding companies to help secure jobs for Filipino nurses and nannies — has paid bail and been released pending trial.

Razel Canedo, also know as Razel Torres and Razel Agravante, posted a $1 million bond, cosigned by her mother and sister, in the U.S. District Court for the Southern District of New York on Friday, according to a court order.

Canedo, who...
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