Kip Cashmore Made A Killing In A Big Ponzi Scheme That Defrauded 500 Individuals Out Of $8 Million.
Kip Cashmore Made An Astonishing $475,000 Revenue In A Massive Ponzi Scheme That Defrauded 500 Individuals Away From $8 Million.
Kip Cashmore, An вЂњAmway Contractor,вЂќ Made A Whopping $475,000 Make Money From A Ponzi Scheme. вЂњA bankruptcy probe has reclaimed an adequate amount of Wayne OgdenвЂ™s assets to come back $1 million towards the victims of their estate that is real scam. Bankruptcy trustee Steve Bailey promises you will see much more when he recovers millions from OgdenвЂ™s business that is former among others whom profited through the scheme. That features $1.7 million from Josh Christensen, $458,000 from Dar Nelson, and $475,000 from Amway contractor Kip Cashmore.
The Pinnacle Associated With The Ponzi Scheme Went Along To Prison For Defrauding 500 Individuals Away From $8 Million. вЂњOgden ended up being delivered to jail in of easy online payday loans in Pennsylvania 1998 for an investment proposal investigators said was a Ponzi scheme july. He had been awarded A july 2001 parole date as he promised to cover all their victims straight back. Detectives calculated as numerous as 500 individuals were scammed away from $8 million between 1995 and 1997. A number of the jilted investors forced Ogden into bankruptcy in 1997, and because then 425 victims have actually filed claims well well worth $6.5 million with all the bankruptcy court in Salt Lake City.вЂќ