California Men Accused of Orchestrating $100,000,000 ‘Ponzi-Like’ Scheme

California Men Accused of Orchestrating $100,000,000 ‘Ponzi-Like’ Scheme

Two Bay Area executives stand accused of running a Ponzi scheme that raised over $100 million from mostly retired investors by promising returns on real estate loans while using new funds to pay earlier ones.

Marin County finance bros charged over massive $100M Ponzi scheme

Tiburon’s Mark Hanf and Novato’s Nam Phan were indicted in an alleged $103 million Ponzi scheme that defrauded 175 investors.

CEO of California Real Estate Investment Fund Is Charged in $100 Million Ponzi Scheme

Pacific Private Money Group’s CEO and COO are accused of knowingly engaging in a Ponzi scheme to defraud investors out of millions.http://dlvr.it/TVJxt1