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PTA Moms in California Arrested and Charged with Ponzi Scheme

The article deals with PTA moms who are being charged with 22 counts of grand theft and securities fraud of $14 million. Initially they started with the daily products and they attracted people quickly. They wasted about $10 million in gambling and other such activities and an ABC news report found them.

Read the full article here:
Calif. PTA Moms Arrested for Ponzi Scheme

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Posted by on July 12, 2011. Filed under Home,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry