Month April 2009

Pang popped for Ponzi

Financier Danny Pang was arrested for structuring, a charge often used as a placeholder while the feds investigate further. The SEC has already accused Pang of a Ponzi scheme that bilked investors for hundreds of millions. Structuring is deliberately funneling…

Arthur Nadel indicted

Just indicted on $360 million fraud, Nadel is already in jail after getting caught while on the run for two weeks in January.