Ex-Con Accused Of Ponzi Plot Against Fellow Inmates

Law360, New York (October 29, 2010, 6:32 PM EDT) -- The U.S. Commodity Futures Trading Commission and federal prosecutors have accused the husband-and-wife team behind Aloha Trading Co. Inc. of running a multimillion-dollar Ponzi scheme that targeted prisoners and their families.

Perry Jay and Rachelle Griggs committed 13 counts of wire and mail fraud while running the scheme from at least 2005 to 2009, according to an enforcement action filed Thursday in the U.S. District Court for the District of Hawaii.

The U.S. Attorney’s Office for the District of Hawaii filed corresponding criminal indictments on Thursday...
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