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Saturday, April 20, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ponzi Scam

BIRMINGHAM, Ala. - The Alabama Securities Commission claims that Spero X. Vourliotis admitted he's been running a multimillion-dollar Ponzi scheme for years with co-defendants Carey Michael Billingsley, Billingsley Investment & Resources LLC, The CapStone Group, CornerStone Investment Group, and TriStone Investment Group.

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