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Ponzi scheme

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Businessmen Plead Guilty to Defrauding Elderly

Two former St. Louis life insurance salesmen have pleaded guilty to federal charges of defrauding numerous elderly victims out of an estimated $3 million.

06/06/2014

File photo of a judge's gavel. (Photo by Joe Raedle/Getty Images)

2 More Plead Guilty In Prearranged Funeral Scam

The owner of a now-defunct prearranged funerals company in suburban St. Louis has admitted his role in what prosecutors called a giant Ponzi scheme.

07/03/2013

Defendants in St. Louis Funeral Scam Case Offered Plea Deals

Prosecutors say the now-defunct National Prearranged Services Inc. bilked customers of up to $600 million.

06/29/2013

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Webster Groves Man Will Likely Get 40-year Sentence for Ponzi Scheme

A man who is both a lawyer and clergyman is expected to be sentenced to 40 years in prison next week for his role in a Ponzi scheme that bilked investors out of more than $56 million.

12/21/2012

Justice

Jury Convicts Webster Groves Attorney, Clergyman of Ponzi Scheme

The two were convicted of leading a fraud conspiracy that stole more than $52 million from its victims.

04/13/2012

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Feds Sentence One of Their Own

A former Internal Revenue Service employee from the St. Louis area has been sentenced to six years in prison for defrauding clients out of millions of dollars in a Ponzi scheme.

03/09/2012

Justice

Man Indicted in $3 Million Ponzi Scheme

The 72 year-old Lee Summit man is accused of defrauding 39 investors out of $3 million.

02/01/2012

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Webster Groves Lawyer Accused in Huge Ponzi Scheme

The St. Louis-area lawyer alleging swindled investors of more than $52 million.

05/05/2011

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