Ponzi Victims Say Radio Pitched The Fraud

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.

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Email *

Submit