Friday, September 22, 2023
Courthouse News Service
Friday, September 22, 2023 | Back issues
Courthouse News Service Courthouse News Service

$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 federal complaint.

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

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading...