San Francisco Atty Indicted Over $10M Ponzi Scheme

Law360, New York (July 11, 2011, 6:29 PM EDT) -- A federal grand jury in California on Thursday accused a former San Francisco lawyer of running a $10 million Ponzi scheme in which he invested in trade commodities without his clients' knowledge and used whatever he didn't lose to pay off his debts.

The indictment charged Robert G. Tunnell Jr. with seven counts of mail fraud, 13 counts of wire fraud and one count of money laundering for allegedly lying to investors about how he used their deposits, and fabricating account documents that grossly overstated his...
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