In September 2014, the FBI announced the unsealing of an indictment that charged two Florida residents and one resident of Michigan with multiple counts of conspiracy and wire fraud. On Wednesday, the first of the three individuals charged in this case pleaded guilty to fraud.
The three individuals charged with running the Ponzi scheme are –
- John C. Boschert
- Jenifer E. Hoffman
- Bryan T. Zuzga
Boschert is the one who pleaded guilty to fraud and agreed to pay victim restitution in the amount of $11.6 million. Boschert is still awaiting official sentencing. Maximum prison time for his crime is 20 years.
Boschert, Hoffman, and Zuzga are accused of running an investment scheme that victimized at least 100 investors starting in 2009. The three operated under the name Assured Capital Consultants. According to the allegations, Hoffman and Zuzga used investors’ money to buy houses.
- Announcement of Charges | U.S. Attorney’s Office – Middle District of Florida
- Official Announcement of SEC Charges | U.S. Securities & Exchange Commission
- Boschert Pleads Guilty | The Orlando Sentinel
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