Last Defendants Plead Guilty in Shapiro-Orchestrated $1.3B Ponzi Scheme
Share via Shortlink Ivan Acedveo and Dane Roseman pleaded guilty Monday to their roles in a scheme that bilked thousands of property investors. Robert Shapiro, above, the mastermind, was sentenced in 2019. Over five years, beginning in 2012, Sherman Oaks-based luxury real estate developer Robert Shapiro orchestrated a Ponzi scheme that defrauded more than 7,000 property investors — many of them elderly — out of $1.3 billion. On Monday, the Department of Justice announced that the last two defendants related to the scheme’s subsequent criminal case, Ivan Acevedo and Dane Roseman,...
Source: therealdeal.com