Tag: simon_g_outhwaite_jr

Second Man Pleads Guilty in $27 Million Ponzi Scheme

3 Jun 2026 3:29 p.m. · Source: Denver FBI

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 Enforcement Business Federal Government Legal Financial Markets Economy Simon G. Outhwaite, Jr.Peoples Equity Group Ponzi Scheme Wire Fraud Miami, Florida FBI Dakota Smith