Acorn Capital Head Indicted Over Ponzi Scheme
The indictment charges Young with one count of mail fraud and one count of money laundering, U.S. Attorney Michael L. Levy announced Thursday. The charges carry a maximum sentence of 30 years in prison, five years of supervised release and a $500,000 fine. The government is also seeking restitution of about $27 million.
Young solicited about $95 million...
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