News Boulder company accused of Ponzi scheme

Boulder company accused of Ponzi scheme

Posted by Author on in News 49
Boulder company accused of Ponzi scheme

The owners of a Boulder investment firm are accused of running a ponzi scheme that promised investors annual returns of between 20 percent and 500 percent. Bela A. Geczy of Longmont and Michael Kass are accused of muliple counts of securities fraud and organized crime in a scheme that defrauded 272 investors of $18 million. The two owned Dharma Investment Group. Both are scheduled in court ...

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