Christian rock promoter pleads guilty to fraud
Posted on Oct 09, 2011 with Comments 0
The owner and operator of a Downey, California, firm has pleaded guilty to wire fraud in a Ponzi scheme that collected nearly $ 1 million from victims who were falsely promised that their money would be used to host Christian rock concerts.
The charge of wire fraud carries a statutory maximum penalty of 20 years in federal prison.
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