PTA Moms Accused of Ponzi Scheme

While most PTA moms have a stellar reputation, three moms in Florida have just been arrested for their involvement in a year's long Ponzi scheme.

According to police reports, the three suspects were all members of an elementary school's PTA. Working together, they amassed over $14 million by defrauding members of their community using their status as PTA members.

After investigating the women for months, local police were able to gather enough evidence to detain them. Two of the women were arrested last Tuesday on 22 felony charges including security fraud and grand theft. The third woman is already in jail serving a prison sentence for similar charges.

As police learned more about the scheme, they discovered how elaborate it had become. The three women had over 40 investors from whom they were able to bilk $14 million. They told the investors of their plan to sell dairy products at Disneyland, a plan that would never actually come to fruition.

Facing white collar crime charges is no laughing matter, especially if you are being charged with a felony offense. Contact the Law Offices of Gregory H. Comings today to enlist the help of a Riverside criminal defense lawyer that works on felony white collar cases.