5 plead guilty to fraud charges in $21 million app 'investment' scam
Court records show a ring of people told investors the app could be worth more than $1 billion. Then they pocketed the 'investment' money.
Source: palmbeachpost.com
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Paul Geraci pleads guilty in investment scam
Paul Geraci, 45, of Parkland, is the fifth person charged in the investment scheme to plead guilty. He pleaded guilty to conspiring to commit mail fraud and wire fraud and now faces a maximum possible prison sentence of 20 years.
Source: sun-sentinel.com