A Mooresville man raised $10 million from investors, telling some their money would help troubled companies – and then spent it on a boat dock and payments to other clients, according to a lawsuit filed Friday in federal court.The U.S. Securities and Exchange Commission claims in its civil suit that Shelby Dean Martin, 71, and his companies promised soaring returns to about 185 investors during a 10-year Ponzi scheme.
Local Man Charged With Ponzi Scheme
CharlotteObserver.com Most Recent Headlines, Charlotte Observer: Local
Sat, 03/07/2009 - 5:05am
Topics: mooresville u.s securities exchange commission dean martin iredell county liz proctor n.c department secretary state lake norman friday.&ldquo north carolina south carolina virginia colorado d martin enterprises inc october class c november j.v huffman jr claremont maria david i sec martin ponzi n.c dm ventures llc charged money percent court returns case return pay fraud boat arrested note papers dock told ordered
BING NEWS:
- When Utah therapists lose their licenses, some turn to life coaching instead
Despite past misconduct, some former therapists have continued their careers as life coaches. Now, after a high-profile conviction in Utah, legislators are asking whether it’s time for more oversight.
06/17/2024 - 1:01 am | View Link - Texas man charged with threatening FBI agent over Hunter Biden case
A Texas was charged on Thursday with threatening to jail or "slaughter" an FBI agent over the criminal case against President Joe Biden's son, Hunter Biden, federal prosecutors said.
06/13/2024 - 11:22 am | View Link - Man charged with robbing a California bank was released from prison a day earlier, prosecutors say
Prosecutors say a man charged with taking three people hostage while robbing a Southern California bank last month had been released from prison a day earlier ...
06/12/2024 - 1:13 pm | View Link - Charlotte man pleads guilty to running Ponzi scheme through investment firm
A Charlotte man pleaded guilty for defrauding more than 100 people with a Ponzi scheme run through his investment firm.
06/12/2024 - 7:09 am | View Link - Siriluck Chimmalee makes bail bid in Supreme Court before trial over alleged Ponzi scheme style fraud
A woman accused of swindling millions in an alleged Ponzi scheme has made yet another bid for bail ... her “sugar daddy” and “friend with benefits”. Chimmalee had been charged with 57 counts of ...
06/11/2024 - 5:18 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more