Ponzi Scheme

Geoffrey Lunn leaving the Federal Courthouse in Denver (credit: CBS)

Ponzi Scheme Suspect Called It ‘Operation .44 Magnum’

The man accused of running a multi-million dollar ponzi scheme in Colorado called his elaborate scam “Operation 44 Magnum.” Investigators claim he ripped off dozens of investors across the nation and in other countries.

03/28/2014

(credit: iStock)

El Paso County Ex-Deputy Gets Prison In Investment Scheme

A former El Paso County sheriff’s deputy has been sentenced to 2 1/2 years in prison after pleading guilty to charges of running a Ponzi scheme that lost more than $200,000 of investors’ money.

02/05/2014

Brian Wellens (credit: Denver District Attorney's Office)

Jury Convicts Man Of Scamming Investors In Vacation Property Scheme

A man accused of fraudulently obtaining more than $8 million from investors in a vacation property scheme has been found guilty.

11/19/2013

(credit: iStock)

Colorado Couple Sentenced Over Ponzi Scheme

A Colorado couple accused in a Ponzi scheme that defrauded investors in 13 states and five foreign countries have received prison time.

06/10/2013

Joe Coors, left, Ed Perlmutter, right (credit: CBS)

Final Stretch For Perlmutter, Coors May Be Close

The suburban Denver congressional district that held one of the nation’s closest contests 10 years ago is gearing up for another nail-biter.

10/31/2012

(credit: ThinkStock)

Man Sentenced To Prison In $3.5 Ponzi Scheme

Authorities say a man who pleaded guilty in a $3.5 million Ponzi scheme has been sentenced to eight years in prison.

04/11/2012

Xavier Joseph Duran (credit: Denver District Attorney's Office)

Plea Deal For Man Accused Of Bilking Cop’s Widow

A man accused of bilking the widow of a slain Denver police officer and other investors in what prosecutors say was a Ponzi scheme has pleaded guilty to one count of securities fraud.

10/12/2011

The Cross Country Fulfillment building (credit: CBS)

Sex Assault Victim’s Call Unanswered After Center Shuts Down

A victim’s call for help was unanswered after a call center in Fort Collins abruptly was shut down. One of the answering service’s clients was a sex assault hotline.

10/11/2011

Richard Mayfield (credit: Larimer Co. District Atty.)

Ponzi Scheme Mastermind Sentenced

A man who pleaded guilty to theft in connection to a ponzi scheme was sentenced to five years in prison. Richard Mayfield was sentenced on Friday.

09/16/2011

Shawn Merriman (on the right) (credit: CBS)

US Appeals Court Upholds Merriman Sentence

A federal appeals court is upholding the sentence for a man who told prosecutors he had engaged in a Ponzi scheme that defrauded investors of more than $21 million.

07/27/2011

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