Ex-Con To Cop To Ponzi Plot Against Fellow Inmates

Law360, New York (April 1, 2011, 6:56 PM EDT) -- The husband-and-wife team behind Aloha Trading Co. Inc. will soon cop to charges that they ran a multimillion-dollar Ponzi scheme that targeted the husband's fellow prisoners and their families, according to court documents.

Perry Jay Griggs was scheduled to appear before Judge Barry M. Kurren of the U.S. District Court for the District of Hawaii on Friday afternoon for a hearing on his motion to withdraw his guilty plea and plead anew. His wife, Rachel, is scheduled for a hearing on her request to change pleas...
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