Ponzi Scheme Alleged with Bankrupt Mortgage Funds

A proposal to pay Meridian Group’s owner $70,000 to help sift through the financial rubble of his mortgage investment funds bankruptcies. The denial came amid objections from the U.S. Department of Justice. The chief is the focus of a federal grand jury for operating what became a massive Ponzi scheme.

View full post on All Stories


You can leave a response, or trackback from your own site.

Leave a Reply

Powered by Yahoo! Answers