Content Tagged As investors_defrauded
Tagged News
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La. man gets 30 years for Ponzi scheme
July 23, 2010 5:00 AM
NEW ORLEANS (AP) A Louisiana businessman who pleaded guilty to defrauding about 180 mostly elderly investors out of nearly $20 million in a Ponzi scheme has been sentenced to 30 years in prison. Twenty-six-year-old Matthew Pizzolato, of Tickfaw, already had agreed to pay more than $15 million in restitution before... more » -
Businessman pleads guilty in Ponzi scheme
April 1, 2010 4:01 PM
NEW ORLEANS (AP) A Louisiana businessman has pleaded guilty to charges he defrauded about 180 investors out of nearly $20 million and used some of the money to pay for cars, cruises, sports tickets and a house. Sentencing guidelines call for 26-year-old Matthew Pizzolato, of Tickfaw, to serve a prison... more » -
Ponzi scheme suspect held without bond
November 23, 2009 5:44 PM
NEW ORLEANS (AP) A Louisiana businessman charged with defrauding investors out of nearly $20 million in an alleged Ponzi scheme has been ordered detained in federal custody. A spokeswoman for U.S. Attorney Jim Letten said 26-year-old Matthew Pizzolato, of Tickfaw, made his initial court appearance Monday but didn't enter a... more » -
Businessman indicted in alleged Ponzi scheme
November 20, 2009 2:01 PM
NEW ORLEANS (AP) A federal grand jury has indicted a Louisiana businessman on charges he defrauded investors out of roughly $19.5 million in what prosecutors call a Ponzi scheme. The 63-count indictment handed up Friday says Matthew B. Pizzolato used investor funds to buy such personal luxuries as cars, furniture,... more »
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