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Wednesday, June 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ponzi Scheme

The Ninth Circuit ruled that Kevin Kyes was properly convicted of defrauding more than 60 Japanese investors who sent him and his partner $6.8 million dollars with the expectation that the money would be invested. 

SAN FRANCISCO – The Ninth Circuit ruled that Kevin Kyes was properly convicted of defrauding more than 60 Japanese investors who sent him and his partner $6.8 million dollars with the expectation that the money would be invested. 

Kyes visited his doctor the day his trial was scheduled to commence. The doctor gave him a note saying he should be excused from court for 7 to 10 days but the court properly denied a continuance, the Ninth Circuit ruled.

Categories / Appeals, Criminal, Securities

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