Day: November 29, 2011
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‘Uniform’ Ponzi Swindler Richard Elkinson, 78, Sentenced To 102 Months In Federal Prison; 20-Year Scheme Collapsed After Arrest Of Bernard Madoff
Richard Elkinson, the 78-year-old Ponzi swindler whose promissory notes scheme gathered $29 million over 20 years, has been sentenced to 102 months in federal prison. Elkinson resided in Framingham, Mass., and told investors he was in the business of providing uniforms to the government and other entities. But it was all a scam that lured…