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

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.

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