Former Vick Advisor Guilty of Ponzi Scheme

1 Nov

 Uh, I’m guessing that as long as athletes are paid large salaries, the business will continue to attract a lot of shady individuals.  What would make someone believe that they could get away with something as foolish as this???

OMAHA, Neb. — An Omaha financial advisor, whose clients once included pro football quarterack Michael Vick defrauded investors of more than $3 million over a four-year period, according to the U.S. Attorney for Nebraska.

 Mary Wong, 46, pleaded guilty to Securities Fraud in U.S. District Court.

 According to a U.S. Attorney’s news release, Wong acted as a financial advisor and solicited millions of dollars under false pretenses. Then she failed to invest the money as promised, instead spending the money on her “lavish lifestyle”, and businesses under Wong’s control.

view the full article here

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