15 April 2013

Pin It

Peter Heckmann Pleads Guilty to Operating Ponzi scheme

 Peter Heckmann Pleads Guilty to Operating Ponzi scheme

In Honolulu U.S. District Court, defendant and former fugitive Peter Heckmann pleaded guilty to wire fraud for his operation of a Ponzi scheme on the Hawaiian Island of Kauai.

Wire fraud has a statutory maximum penalty of 20 years in prison and a potential fine of $250,000.

Heckmann acknowledged in court that the victim losses in this case exceeded $1 million and that his scheme involved paying older investors with money from new investors in a scheme to defraud the victims.

Heckmann will remain in U.S. Bureau of Prisons custody at the Honolulu Federal Detention Center, awaiting his sentencing on July 25, 2013, at 2:15 p.m.

FBI Special Agent Tom Simon said, “We hope that today’s guilty plea will serve as one more step towards closure for the victims in this case. This case should serve as a reminder to the people of Hawaii to investigate before you invest.”

Source – FBI

Reality views by sm –

Monday, April 15, 2013

Tags – Ponzi scheme USA


MEcoy April 15, 2013  

another sensible post sm

rudraprayaga April 15, 2013  

Investment people don't do sensibly.Another information.Nice.