Criminal
Oct. 2, 2010
Ponzi Scheme Perpetrator Indicted
A federal grand jury in Los Angeles on Thursday indicted Bruce Fred Friedman, 60, of Sherman Oaks, on criminal charges he perpetrated a nearly quarter of a billion dollar Ponzi scheme, mostly by duping San Fernando Valley-based investors.
LOS ANGELES -- A federal grand jury in Los Angeles on Thursday indicted Bruce Fred Friedman, 60, of Sherman Oaks, on criminal charges he perpetrated a nearly quarter of a billion dollar Ponzi scheme, mostly by duping San Fernando Valley-based investors.
The criminal charges arrive approximately one year and a half after the Securities and Exchange Commission filed civil fraud charges against Friedman and more importantly while he w...
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