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Two Leaders of Real Estate Investment Firm Indicted for Running a $650 Million Ponzi Scheme

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the staff of the Ridgewood blog

Hoboken NJ, The president and a top officer of a real estate investment company were charged for their roles in a scheme to defraud more than 2,000 investors in a $650 million Ponzi scheme, and with conspiring to evade $26 million in tax liabilities, U.S. Attorney Philip R. Sellinger announced today.

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