The SEC accuses the Charlotte man of operating a $7 million Ponzi scheme, defrauding more than 75 investors
CHARLOTTE — Federal authorities have charged a Charlotte man with operating a $7 million Ponzi scheme that defrauded at least 75 investors and used the money he earned to make mortgage payments and pay debts. private schools for his children. [ALSO READ: Here’s how to know when multi-level marketing is a pyramid scheme] The U.S. …