Ponzi Scheme

Arizona Concert Promoter Busted for Running Ponzi Scheme
Arizona Concert Promoter Busted for Running Ponzi Scheme
Arizona Concert Promoter Busted for Running Ponzi Scheme
A Phoenix concert promoter is facing federal charges after running a successful Ponzi scheme that cheated about 140 investors out of $25 million from 2004 to 2007. Miko Dion Wady of Chandler, Phoenix is up against 37 indictment charges, which rum the gamut from money laundering to wire fraud...