AG Bonta announces charges against several individuals accused of defrauding Filipino elders of $5-M through int’l ponzi scheme
CALIFORNIA Attorney General Rob Bonta on Friday, May 21 announced charges against 15 individuals for allegedly conspiring to defraud at least 30 known victims out of their retirement savings through an international Ponzi scheme. Targeting elderly Filipino victims, who primarily lived in Sacramento and Stockton, California, the fraudulent scheme aimed to solicit millions in investments…