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Loan Modification

: Flipping Frenzy

David J. Hernandez Sentenced to More Than 16 Years in Prison for Swindling More Than 250 Investors of $6.4 Million in Ponzi Scheme

By Ralph Roberts

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CHICAGO?A Downers Grove man who purported to offer financial investment services to the public was sentenced today to 200 months (16 years, eight months) in prison for engaging in a two-year Ponzi scheme that caused more than 250 victims to lose approximately $6.4 million when it collapsed in June 2009. The defendant, David J. Hernandez, [...]

Full post as published by Flipping Frenzy on January 18, 2011 (boomark / email).

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