Boulder Firm Owners Indicted On Securities Fraud

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. Fifty-seven-year-old Bela A. Geczy of Longmont and 48-year-old 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 ...