California Man Convicted in $250 Million Ponzi Scheme

On May 13, 2013 a federal jury came back with a guilty verdict against a California man for devising an enormous Ponzi scheme that defrauded investors out of more than $250 million. Sixty-year-old James Stanley Koenig was convicted of thirty-five out of thirty-six criminal charges that prosecutors imposed on him. Koenig was detained awaiting his […]