Calif. Adviser Cops To 20-Year Ponzi Scheme Swindling Retirees

By Gina Kim · January 9, 2024, 7:56 PM EST

A Riverside County investment adviser has admitted to wire fraud in California federal court stemming from a Ponzi scheme he ran for nearly two decades, defrauding unwitting retirees to make sham...

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Case Information

Case Title

USA v. Smith

Case Number

5:20-cr-00120

Court

California Central

Nature of Suit

Date Filed

June 19, 2020