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...
To view the full article, register now.

Related

Sections

Case Information

Case Title

USA v. Griggs et al


Case Number

1:10-cr-00790

Court

Hawaii

Nature of Suit

Date Filed

October 28, 2010

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.