Tag: peoples_equity_group
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Second Man Pleads Guilty in $27 Million Ponzi Scheme
Simon G. Outhwaite, Jr. pleaded guilty to wire fraud conspiracy in a $27 million Ponzi scheme involving Peoples Equity Group. He faces up to five years, while co-conspirator Dakota Smith received 188 months for defrauding investors.
Law EnforcementBusinessFederal GovernmentLegalFinancial MarketsEconomy Simon G. Outhwaite, Jr.Peoples Equity GroupPonzi SchemeWire FraudMiami, FloridaFBIDakota Smith
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Florida Man Sentenced to Over 15 Years for $20 Million Ponzi Scheme
Dakota A. Smith received over 15 years in prison for a $20 million Ponzi scheme involving Peoples Equity Group. He defrauded investors by misrepresenting company ownership and presenting false financial documents, as announced by the U.S. Attorney's Office.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsEconomyFederal Government Dakota A. SmithPonzi schemeWire fraudPeoples Equity GroupMemphis, TNFBIFinancial crime