Failing Calif. Leasing Co. An $80M Ponzi Scheme, SEC Says
By Dunstan Prial ( June 6, 2018, 7:27 PM EDT) -- The U.S. Securities and Exchange Commission on Tuesday accused the owner of a California-based equipment leasing company of bilking $80 million from investors through a Ponzi scheme that misrepresented the company's financial health and funneled millions in discretionary bonuses to the owner's personal accounts....
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