January 07, 2019
A Pennsylvania federal judge denied bail Friday for an "incorrigible criminal" appealing his conviction after pleading guilty on charges that he ran a $1.5 million Ponzi scheme through two purported private equity boutiques, saying the appeal appeared to be a delay tactic given its "apparent frivolity."
July 03, 2017
The heads of a pair of purported private equity boutiques last week were charged with running a Ponzi scheme that bilked investors out of $1.5 million, with the bulk of the funds promised to finance real estate deals actually being used for lavish personal expenses.