Summary
LOS ANGELES - Prosecutors are expected to ask a judge today to send a man to prison for 15 years for running a Ponzi scheme that took in about $30 million as well as a scam that preyed on homeowners facing foreclosure.
Juan Rangel of Downey, who is already behind bars awaiting sentencing for a 2009 conviction for bribing a Bank of America branch manager, pleaded guilty last October before U.S. District Judge S. James Otero to one count each of mail fraud and money laundering.See the full content of this document
Extract
Downey Man Could Get 15 Years in Ponzi Scheme
Rangel, 47, was indicted last year in Los Angeles federal court on charges that he and his Comme...
See the full content of this document
Sponsored links
