William Lamar Rhew pleaded guilty to wire fraud, money laundering, securities fraud, tax evasion and failure to file tax ...

A Summerfield man was sentenced to nearly two decades in prison on Friday for his involvement in a Ponzi scheme and tax fraud ...

The investment scheme defrauded 117 investors of at least $24 million through false claims they could become rich, federal ...

According to the U.S. Department of Justice, 45-year-old Mitchell Summerfield was found guilty of conspiracy to commit bank fraud and wire fraud in connection with a scheme to fraudulently obtain ...

William Lamar Rhew III, of Summerfield, pleaded guilty in federal court on Tuesday to conducting a Ponzi scheme that bilked investors out of $24 million, according to a press release by court ...

— Charles Ponzi, an Italian immigrant in Boston, ran a bogus investment scheme in 1919-20 involving postal currency. As many as 20,000 people invested $8 million to $10 million.