#shell-company

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#investment-fraud #wire-fraud #ponzi-scheme #financial-crime #escrow #missing-funds #frank-seddio
Fundraising
fromSFGATE
4 days ago

California 'beauty pageant queen' admits to running massive Ponzi scheme

A Sacramento woman pleaded guilty to wire fraud for stealing approximately $10 million from over 100 investors through a fraudulent shell company scheme spanning 2020 to 2024.
New York City
fromNew York Post
2 months ago

NYC lawyer in court over missing $2M that investors fear is gone for good after mystery transfer

A lawyer moved $2 million from escrow to a shell company the day it arrived; investors allege some funds may have reached Frank Seddio's account.
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