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.
Prosecutors say the now-defunct National Prearranged Services Inc. bilked customers of up to $600 million.
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.
The two were convicted of leading a fraud conspiracy that stole more than $52 million from its victims.
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.
The 72 year-old Lee Summit man is accused of defrauding 39 investors out of $3 million.
The St. Louis-area lawyer alleging swindled investors of more than $52 million.