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USA v. WRAGG et al
Case Number:
2:15-cr-00398
Court:
Nature of Suit:
Judge:
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August 06, 2021
$54M Green Energy Ponzi Schemer Gets 18-Year Prison Term
A Colorado man must serve 18 years in prison for his role in a $54 million "green energy" Ponzi scheme and must pay $37 million in restitution to investors, a Pennsylvania federal court ordered Friday.
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July 17, 2020
Ponzi Schemer Can't Get Early Release Over COVID-19 Fears
A Pennsylvania federal judge on Thursday denied a Ponzi schemer's request to leave prison during the COVID-19 pandemic for fear of catching the virus, saying his epilepsy has been exaggerated or even fabricated, he has served less than two years of a 22-year sentence and he may still be a danger to the community.
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May 15, 2020
Ponzi Schemer Wants Out Of Prison Over Virus Risk
The mastermind behind a $54 million Ponzi scheme is urging a Pennsylvania federal judge to free him from his 22-year prison sentence due to the heightened risk he faces from a potential COVID-19 infection as a result of his weight and an underlying seizure disorder.
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August 20, 2019
$54M Ponzi Scheme's Architect Gets 22-Year Sentence
The mastermind behind a $54 million Ponzi scheme was handed a 22-year prison sentence Tuesday as a judge questioned whether the admitted fraudster could ever be trusted to respect the law after cooking up a second plan to pilfer investors while on bail for the original crime.
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October 12, 2018
Pa. Jury Convicts 'Deal-Closer' In $54M Ponzi Scheme
A Pennsylvania federal jury on Friday convicted a former insurance salesman for his role as the deal-closer in a $54 million Ponzi scheme that had naive investors pouring cash into bogus land and green energy investments.
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September 25, 2018
Accused $54M Ponzi Schemer Duped Retirees, Pa. Jury Told
The man known as the deal-closer in a $54 million Ponzi scheme rooted in bogus investments involving land and green energy preyed upon unsophisticated investors, such as widows and retirees, and squandered their money on a lavish lifestyle, a federal prosecutor told a Pennsylvania federal jury on Tuesday.
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November 20, 2017
Accused Ponzi Conspirator Can't Trim Charges, Judge Rules
A Pennsylvania judge on Friday ruled that a man accused of helping run a $54 million Ponzi scheme must face charges of wire fraud and conspiracy to commit wire fraud, finding that a longer statute of limitations applies to the charges because the government sufficiently alleged his conduct affected a financial institution.
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August 01, 2017
Feds Blast Ponzi Conspirator's Bid To Trim Indictment
Prosecutors told a Pennsylvania federal court Tuesday that a man charged for his role in running an alleged $54.5 million Ponzi scheme is trying to "twist and contort" the facts by arguing much of the indictment lies outside the statute of limitations on wire fraud.
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May 26, 2016
Pa. Woman Pleads To $54M Green Energy Ponzi Scheme
One of the founders of a failed Pennsylvania green energy company accused of running a $54.5 million Ponzi scheme and selling bogus securities pled guilty in Pennsylvania federal court Tuesday to conspiracy and fraud charges, according to court documents.