BULLETIN: Ponzi Suspect Kills Self, New York Newspaper Reports; Ashvin Zaveri Was Implicated In $35 Million Swindle
It is at least the second Ponzi-related suicide in the United States in recent weeks. Florida Ponzi suspect Wayne McLeod, suspected of bilking federal employees, killed himself in Florida in June.
In the New York case, Ashvin Zaveri, 71, of Honeoye Falls, N.Y., was indicted in December 2009 for mail fraud, wire fraud and money-laundering.
Prosecutors said Zaveri defrauded investors in an oil-and-gas scam that gathered $35 million.
Read the story in the Democrat and Chronicle.