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Nevin Shapiro

Nevin Shapiro

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printemailshare recommend NEWARK, N.J.

(AP) — A federal judge in New Jersey is considering setting bail at $10 million for a Florida man accused of creating an $880 million Ponzi scheme used to bilk money from investors in three states.Prosecutors say 41-year-old Nevin Shapiro scammed millions from at least 60 investors in Florida, Indiana and New Jersey.Shapiro made his first court appearance Wednesday in a New Jersey courtroom..

Source: http://www.foxnews.com/us/2010/04/21/fla-man-charged-nj-ponzi-scheme/
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