Tag: Ponzi schemes and gambling

New Jersey Woman Charged In Alleged $45 Million Ponzi Scheme; Antoinette Hodgson Faces Decades In Prison If Convicted

A New Jersey woman was arrested this morning on charges she fleeced more than 20 Greater New York investors by engineeringÂ a $45 million Ponzi scheme involving purported real- estate flips, the FBI said. Antoinette Hodgson, 58, of Montclair, New Jersey, was accused of conspiracy and wire fraud amid allegations she recruited clients by telling…

Jun 16, 2010
Richard Elkinson Ordered To Pay $29 Million In Ponzi Case; 77-Year-Schemer Still Jailed After Arrest At Mississippi Casino In January

A 77-year-old man who fleeced clients by telling them he brokered contracts for a Japanese company that provided uniforms for the Winter Olympics, the Pan American games and the government has been ordered to pay $29 million in a civil case brought by the SEC. Richard Elkinson is jailed in Massachusetts after being arrested at…

Jun 14, 2010

New Jersey Woman Charged In Alleged $45 Million Ponzi Scheme; Antoinette Hodgson Faces Decades In Prison If Convicted