$62 Million Ponzi

Two San Diego men defrauded investors of $62 million through NL Technology, a Ponzi scheme, and spent lots of it on fancy homes, cars, watches and casinos, the SEC claims in a <strong><a href="http://www.courthousenews.com/wp-content/uploads/2018/09/Ponzi-1.pdf">federal complaint</a></strong>.

SAN DIEGO — Jonny Ngo, 32, and Donato “Mick” Baca Jr., 36, both of San Diego, defrauded investors of $62 million through NL Technology, a Ponzi scheme, and spent lots of it on fancy homes, cars, watches and casinos, the SEC claims in a federal complaint .

Categories / Securities

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