Arrest made in major Brentwood Ponzi scheme

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Arrest made in major Brentwood Ponzi scheme

Written by Administrator

Sunday, 02 May 2010 12:31

During the court hearing this afternoon, Jones entered a plea of not

guilty. Being represented by lawyer Tim Dixon Potter, who claimed that they need and reserves the right to request assistance in the future of the Office of the Attorney General. Jones was released on a pledge to her.

Detectives say the court will consider the case 3-6 months before Judge Aleta Trauger. It is also noteworthy about the court proceedings today: David Jones, the husband of Donna Jones, and not in attendance at the meeting.

As stated in the Original:

Federal agents arrested Donna Jones this morning for their participation in the Ponzi scheme, which includes the main victims and her mother own.

Jones was (37 years) that have been identified a year ago in the city and the paper as a partner in the achievement of major fraud. Agents from the FBI and Postal Inspection Service United States arrested on charges of conspiracy and Dixon, bank fraud, money laundering, wire fraud and fraud. She said that the indictment contains 17 counts.

For several years, the work of Jones on the basis of Brentwood financial advisor Michael J. Park. Park is accused in last year and has since pleaded guilty to defrauding investors of more than 9 million through a plan that promised huge returns, but instead of putting money in his own pocket. Is scheduled to be sentenced to federal prison in September after Jones goes to trial. It is expected that Park as part of those proceedings.

"Such cases are very large and very dangerous, especially for investors," said U.S. Attorney Ed harmful. "Many investors lost their savings as part of a Ponzi scheme for more details. In such cases, have invested a lot of people money they can not afford to lose, especially in tough economic times."

Jones is expected to appear before Judge Juliet Griffin, the United States this afternoon. If convicted, she faces up to eight years in prison. (Read the indictment it here.)

Among the investors in the process of fraud and Martha Stinson Park, Mother Jones. Jones brought her mother and father until late devise a fraudulent scheme, and promised her ailing father to invest with leaving her mother financially secure.

The indictment alleges the day, as it is making those promises, implicit in Jones Park with the theft of millions of investors - to extend the time later behind the fraud and knowledge to take advantage of her family.

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