The US Attorney's Office said in December that the owners and operators of Valley Investments didn't deliver on a promise of returns for investing in their business of developing real estate subdivisions.
An Overland Park, Kansas resident was one of three people indicted. Prosecutors say that the owners and operators solicted about $31 million from as many as 400 investors, knowing their business wasn't generating enough profits. Prosecutors say the suspects used money to pay existing investors from money from new investors.
To read more about the failed ponzi scheme, Valley Investments, go to: Valley Investments
Blog post written by: Dowell Taggart Team of RE/MAX Best Associates.
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