If it seems too Good to be True – Do Not Invest: San Diego Woman Sentenced to Nearly Six Years in Federal Prison for Ponzi Scheme Run Via Sham Commercial Real Estate Investments

A federal district court judge sentenced Susan Margaret Werth, 58, a San Diego woman who ran a multimillion-dollar Ponzi scheme to 70 months in federal prison for deceiving investors by falsely claiming their money would be used to make short-term construction loans to other investors seeking to defer capital gains taxes through “1031 like-kind exchanges.” …

If it seems too Good to be True – Do Not Invest: San Diego Woman Sentenced to Nearly Six Years in Federal Prison for Ponzi Scheme Run Via Sham Commercial Real Estate Investments Read More »