Criminal
Mar. 2, 2012
Indictment charges two in $129 million Ponzi scheme
The Northern District U.S. attorney's office on Wednesday unsealed an indictment against two business people on charges related to the sale of more than $129 million in fraudulent certificates of deposit.
Daily Journal Staff Writer
The U.S. attorney's office for the Northern District of California Wednesday announced the unsealing of an indictment charging two business people with selling more than $129 million in fraudulent certificates of deposit. The case is the product of an Obama administration task force created to root out financial crime.
Prosecutors called the alleged actions by William Wise, formerly of Raleigh, N...
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