Tuesday, February 14, 2012

Richard Pettibone Ponzi

  • ALEXANDRIA, VA—Richard Pettibone, 44, formerly of Alexandria, Va., pleaded guilty today to operating a $1.5 million investment Ponzi scheme and was also sentenced to 36 months in prison, followed by three years of supervised release. Neil H.
  • (FBI Press Room (press release))
  • It's a daydream that former Alexandria resident Richard Allen Pettibone, 44, almost made a reality. But the money he used to fuel his dreams -- $1.5 million -- wasnt his.
  • (Huffington Post)

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