Friday, October 16, 2009
Beverly Hills investment advisor pleads guilty in Ponzi scam
A Beverly Hills investment advisor accused of using millions of dollars from investors to bankroll girlfriends' businesses and finance a movie pleaded guilty Wednesday to federal fraud charges that could lead to 20 years in jail.
Michael E. McCready, 47, admitted to swindling at least 25 clients out of $9 million in a Ponzi scheme in which new clients' money was used to pay off other investors...
LA Times: Beverly Hills investment advisor pleads guilty in Ponzi scam
Michael E. McCready, 47, admitted to swindling at least 25 clients out of $9 million in a Ponzi scheme in which new clients' money was used to pay off other investors...
LA Times: Beverly Hills investment advisor pleads guilty in Ponzi scam
Permalink posted by markw @ 5:18 AM 
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