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Ponzi Schemer Pays With 6-Year Prison Term, $20M Restitution
The so-called president and CEO of NL Technology learned his fate on Friday after bilking his victims out of more than $20 million, officials said. Jonny Ngo admitted in a plea agreement that he mocked up invoices for purchases from wholesale companies, used false financial statements to make it appear the NL Technology had earned income of nearly $28 million…
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Fraud by Fake CIA Operative Lands 7-Year Prison Term
A former federal public affairs officer has been sentenced to seven years in prison for pretending to be an undercover CIA operative to persuade companies to give him millions of dollars.
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Fraud by Fake CIA Operative Lands 7-Year Prison Term
A former federal public affairs officer has been sentenced to seven years in prison for pretending to be an undercover CIA operative to persuade companies to give him millions of dollars
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Poway Man Sentenced 12 Years for Multimillion-Dollar Ponzi Scheme
A former life insurance agent from Poway was sentenced to a dozen years in state prison Wednesday for orchestrating a multimillion-dollar Ponzi scheme that scammed nearly 50 victims, many of them senior citizens who lost their life savings. Christopher Dougherty, 47, pleaded guilty earlier this year to securities fraud and grand theft charges for offering victims investment opportunities in companies…
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Business Exec Gina Champion-Cain Admits She's ‘Mastermind' Behind $400 Million Ponzi Scheme
The ex-operator of The Patio Group, Gina Champion-Cain, was accused of scamming investors out of about $400 million, reports NBC 7’s Artie Ojeda.
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