Mich. Financial Adviser Cops To $10M Ponzi Scheme

Law360, New York (April 20, 2011, 3:12 PM EDT) -- A Michigan-based investment adviser pled guilty Wednesday to five counts of bank and wire fraud in connection with a Ponzi scheme that bilked a school district, a municipality and other investors of about $10 million, the U.S. Department of Justice said.

Dante DeMiro, 43, the founder and managing director of MuniVest Financial Group and MuniVest Services LLC in Southfield, Mich., was indicted in October by a federal grand jury.

“We have seen more and more of these investment schemes, which prey upon school districts, municipalities and...
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Case Information

Case Title

Magistrate judge case number: 


Case Number

2:10-cr-20594

Court

Michigan Eastern

Nature of Suit

Date Filed

October 7, 2010

Government Agencies

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