jump to navigation

2 more Ponzi schemes, one old, one new December 21, 2008

Posted by jefhenningeresq in News.
Tags: , , , ,
trackback

First the new.  This week, Milton Retana, the owner of Best Diamond Funding in the Los Angeles area was indicted for fraud and making false statements.  It is alleged he stole $62 million from investors, most of whom are from the Hispanic community.  Notice  a patern here with all of these Ponzi schemes?  In addition to using local papers and magazines, he used the Internet and weekly seminars.  You can read more about him here

Now the old.  Ronald Keith Owens, 72, of Mineral Wells, Texas, who previously pleaded guilty an Information charging offenses related to an investment scheme he ran got 63 months.  Owens hundres of victims lost over $2 million dollars.  You can read more about his scam here

I think I’m done making my point about the media pretending like Madoff invented the Ponzi scheme.

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: