San Antonio business owner accused of running Ponzi scheme pleads guilty to defrauding investors

  • 📰 ExpressNews
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Earl Roberts Sr. pleaded guilty to a single count of conspiracy to commit wire and mail fraud over his role in a finance company.

because money from new investors was used to pay earlier investors. That was done"so as not to arouse suspicion amongst investors about the status of their monies," the indictment said.

Earl Roberts has agreed to make full restitution of about $784,000 to his victims while his son has agreed to make about $853,000 in restitution. It's not clear why the amounts differ.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 519. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines