Tag: Andrew Arena
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Raymond Frank Joseph Convicted On All 36 Counts In Michigan Ponzi Scheme; Federal Judge Revokes Bond
Federal prosecutors have scored another dramatic win in a Ponzi scheme case. Raymond Frank Joseph, 55, of Bloomfield Hills, Mich., was convicted of three counts of wire fraud, nine counts of interstate transportation of stolen money or property and 24 counts of conducting monetary transactions in criminally derived property. Judge Gerald E. Rosen immediately revoked…