Tag: #PonziScheme

California Court Orders $5 Million in Ponzi Scheme Penalties

In a decisive ruling that echoes the seriousness of investment fraud, a California court has mandated over $5 million in penalties pertaining to a Ponzi scheme orchestrated by a group of fraudsters led by David Carmona. The group, operating out of Los Angeles, exploited the trust of more than 190 investors, luring them with false […]

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