Subscribe

Three-time loser faces 369 years in jail for alleged Ponzi scheme

Stinson hookwinked 260 investors in real estate investment scam, say prosecutors; claimed to be an MIT grad

U.S. prosecutors in Philadelphia charged Robert Stinson Jr., who allegedly posed as a graduate of the Massachusetts Institute of Technology, with running a $17 million Ponzi scheme tied to real estate hedge funds.

Stinson is accused of cheating more than 260 investors by promising returns of 10 per

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Nippon’s $3.8B stake in Corebridge could be just the start

Japanese life insurer says it wants more US asset manager, insurer.

Going for gold? Silver is shining brighter

Investors are considering the '2nd place' metal as a good bet.

Jefferies risk manager remembers red flags in Archegos trial

Failed Archegos CEO is on trial for alleged racketeering , fraud.

JPMorgan Asset Management launches rare money market fund

Fund will buy only European government or sovereign-backed securities.

Dow average touches historic 40,000 mark on continued rate-cut hopes

The storied stock index is hovering around all-time highs as the latest 10,000-point milestone puts bulls in charge.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print