Subscribe Register Login

Friday, September 19, 2014, 7:15 a.m.
Top Picks - Mobile App

SEC: Arkansas woman, stepson headed Ponzi scheme

By The Associated Press

This article was published January 7, 2014 at 11:02 a.m.

CLARKSVILLE — Federal prosecutors in North Carolina say an Arkansas woman and her stepson have reached an unspecified plea agreement on charges they helped operate an Internet Ponzi scheme with a North Carolina man.

The Times Record reports that 45-year-old Dawn Wright-Olivares and 31-year-old Daniel Olivares — both of Clarksville — are due in federal court in Charlotte, N.C., on Feb. 5 for a plea hearing.

The federal Securities and Exchange Commission alleges that the scheme took more than $850 million from more than 1 million investors worldwide during 2011 and 2012. A filing by the SEC in the case says Wright-Olivares and Olivares have agreed to pay more than $11 million to settle its claims.

Attorneys in Charlotte, N.C., representing Wright-Olivares and Olivares could not be reached for comment.

Comments on: SEC: Arkansas woman, stepson headed Ponzi scheme

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Sous chef

    Senior Retirement Community: Opportunity for an energetic Cu...
    LITTLE ROCK, AR

  • Hvac technicians

    at Comfort Systems USA (Arkansas) Inc Insurance, vacation, ...
    LITTLE ROCK, AR

  • Systems administrator bruce oakley

    Systems AdministratorBruce Oakley Inc. is looking for a sys ...
    NORTH LITTLE ROCK, AR

  • Pressure washer

    assistant trucking dispatcherredstone Construction seeks Ass...
    LITTLE ROCK, AR

  • Broadband services

    broadband servicestechnicianexcellent opportunity for an exp...
    CONWAY, AR

Search 873 jobs >

Top Picks - Mobile App
Arkansas Online