MANHATTAN (CN) - Investors claim William Goren defrauded people of "tens of millions of dollars" in a Ponzi scheme based on "New Age" and "New Times" promissory funds and mutual funds. They claim that Adriane Berg plugged the scheme on WABC-AM Radio, that Mony Life Insurance Co. let Goren work out of its office, and Bank of America, as successor to Fleet Bank, negligently facilitated the fraud, in New York County Court.
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.
Additional Reads
-
Former Georgia insurance chief argues for new trial on fraud charges December 13, 2022 -
Jury No. 2 takes over wall-building fraud case October 27, 2022
-
Prosecutors go for round 2 in trial on wall-building fraud October 25, 2022
-