December 4, 2014 1:25 pm

2 Charged in $11 Million Ponzi Scheme

Two Orange County brokers were arraigned Thursday at the Harbor Justice Center in an $11 million “Ponzi scheme” that prosecutors said lasted at least seven years and defrauded more than 27 investors, the majority of whom were senior citizens. Vikki Vargas reports for the NBC4 News at Noon on Thursday Dec. 4, 2014.

US & World Videos

0:50

Arson ruled out as cause of Oceanside Pier fire
2:57

Pro-Palestinian vigil and march for Gaza in Pasadena
1:57

Pedestrian killed in multi-vehicle crash in Hollywood
7:28

Tensions rise as UCLA protest continues
2:42

Executive staff to LA County DA accused of mishandling confidential police files
Exit mobile version