Showing posts with label Ponzi. Show all posts
Showing posts with label Ponzi. Show all posts

Thursday, May 17, 2012

Woman accused of running Ponzi scheme

See it on TV? Check here. AP  Eyewitness NewsHACKENSACK -- Authorities say a New Jersey woman operated a Ponzi scheme over a six-year period by telling people they could invest in a hedge fund operated by financier George Soros.

Soros never heard of Dunya Predovan or the hedge fund.

Bergen County's prosecutor says the 58-year-old collected approximately $450,000 and investors never received any money.

The Manahawkin resident is held on $100,000 bail, charged with theft by deception and issuing bad checks.

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