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August 22, 2013
New Jersey Rep Sentenced to Prison for $9 Million Ponzi Scheme

Maxwell B. Smith, a financial advisor from New Jersey, was sentenced to seven years in prison for operating a $9 million Ponzi Scheme. Many clients lost their investments in Health Care Financial Partners. Smith sold investments as a fund that made loans to nursing homes. Smith began soliciting investors in the Ponzi Scheme as early […]

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