U.S. Grand Jury Indicts Jamaican for Fraud in Investment Club Ponzi Scheme

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Monday, November 1, 2010
Author: 
Bruce Zagaris
Volume: 
26
Issue: 
11
Abstract: 
On August 24, 2010, a grand jury in the U.S. District Court for the Southern District of Florida returned an indictment on fraud and money laundering charges against David Smith, a Jamaican who is accused of defrauding thousands of investors with an alleged multimillion-dollar Ponzi scheme...(more)...