Fla. Man's $30M Investment Scam Preyed On Haitians: Feds

Law360, Miami (August 26, 2013, 8:42 PM EDT) -- The U.S. Department of Justice on Monday announced charges against a former Wellington, Fla., man for multiple counts of wire and securities fraud and money laundering as part of a $30 million Ponzi scheme that targeted the Haitian community in South Florida.

George L. Theodule, 52, is accused of setting up “investment clubs” through which he attracted thousands of investors between 2007 and 2008, saying they could double their money in 90 days by investing with his companies Creative Capital Consortium LLC and A Creative Capital...
To view the full article, register now.