Big Island Capital Fraudster Pleads Guilty to Million Dollar Ponzi Scheme
Acting
"
"
"Postal Inspectors will continue to protect the integrity of the
According to the defendant's guilty plea, from approximately
According to the defendant's guilty plea, as part of the scheme, LUNDIN provided victim investors with written materials relating to his purported investment strategy. Through these materials, LUNDIN claimed that the goal of
According to the defendant's guilty plea, in order to appear legitimate and promote his scheme, LUNDIN created phony account statements. He also provided victim investors with online access to fictitious quarterly statements and purportedly "up to date" information about the rate of growth and the market value of the accounts, which commonly and falsely showed double-digit gains. As part of the scheme, LUNDIN directed his victim investors to make their checks payable to "
This case is the result of an investigation conducted by the
Assistant
Defendant Information:
Convicted:
Mail fraud, 1 count
Money laundering - transaction involving fraud proceeds, 1 count
Hurricane Harvey Relief: Hope Now to Establish Mortgage Assistance Centers in Houston
Northeast Mississippi Daily Journal, Tupelo, Scott Morris column
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News