Sunday, March 26, 2023 | Back issues
Courthouse News Service Courthouse News Service

Nine Accused Of Running Ponzi Scheme

SALT LAKE CITY (CN) - Nine people who run 10 corporations defrauded investors of more than $4 million by selling bogus securities in a real-estate Ponzi scheme, two Mexican investors and a Mexican corporation claim in Federal Court. They demand restitution and punitive damages from Asset Recovery Trust, Danny M.K. Wong, David Thacker, Kelly Thacker, Integrity Office Support LLC, Joseph K. Yao, Dwight Williams, Brian Childs, Kenneth McCabe, Frank Ho, Robert W. Jinks, Dressel Investments LTD USA, Dressel Investments Ltd., Top and Top LTD, Elite Portfolio, Elite Dynamics, Dressel Investment Consultants, Options Limited, and Dressel Portfolio Management. See complaint.

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.