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Articles Tagged With ‘Ponzi scheme’




Chuck Liddell files lawsuit over investment to Kelly Gearhart

Written on 14 May, 2015 in Daily Briefs, Featured | 22 comments

A lawsuit filed by former mixed martial arts champion Chuck Liddell against Cuesta and Stewart Title for the companies alleged participation in a money laundering scheme by former North County developer Kelly Gearhart goes to trial on Thursday. Liddell claims... (Continue reading)

Al Moriarty ordered to pay $10 million in restitution

Written on 17 Dec, 2014 in Daily Briefs, Featured | 13 comments

A San Luis Obispo County Superior Court judge on Wednesday ordered former Grover Beach financier Al Moriarty to pay $10,209,301 in restitution for securities fraud and embezzlement. In August, the 81-year old pleaded no contest to fraud and embezzlement charges... (Continue reading)

Moriarty accused of running a Ponzi scheme

Written on 2 Nov, 2013 in Daily Briefs, Featured | 17 comments

Grover Beach financier Al Moriarty is accused of placing nearly $10 million of investor funds in his personal bank account, according to San Luis Obispo County District Attorney’s office investigators. Moriarty, 80, then used the funds to pay other investors,... (Continue reading)

Ventura County Ponzi scheme perpetrators sentenced to federal prison

Written on 21 May, 2013 in Daily Briefs, Featured | 8 comments

Three Ventura residents were sentenced to federal prison on Monday – with one defendant being ordered to serve more than 17 years – for their roles in a Ponzi scheme that caused losses of more than $27 million. The three... (Continue reading)