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"This defendant executed a classic Ponzi scheme, promising his friends and neighbors high-value investments, using money from new investors to pay earlier ones, and ultimately stealing a total of more than $1 million from several victims," the Nassau DA said. ....
Rand Heckler, a former investment broker, has pleaded guilty to running a million-dollar Ponzi scheme where he swindled acquaintances and strangers out of hundreds of thousands of dollars. ....