A man who has been in prison after being accused of orchestrating a multi-million dollar Ponzi scheme has been given a chance at freedom. A U.S. magistrate agreed to release the 49-year-old man from custody pending the completion of his Ponzi scheme fraud case. The white-collar crime case alleges that the Palm Beach Gardens man was running a fake virtual concierge scam.
Florida's crackdown on financial crimes continues. A notable recent example is a mortgage fraud case in which indictments have been filed against seven individuals accused of defrauding Miami residents. The indictments were issued in the Southern District of Florida.