ponzi scheme – San Jose Inside https://www.sanjoseinside.com A look inside San Jose politics and culture Fri, 26 Jan 2024 19:22:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.6.12 State, Lenders Seek to Recover $170 Million from Homekey Housing Developers https://www.sanjoseinside.com/news/state-lenders-seek-to-recover-170-million-from-homekey-housing-developers/ https://www.sanjoseinside.com/news/state-lenders-seek-to-recover-170-million-from-homekey-housing-developers/#comments Fri, 19 Jan 2024 21:06:22 +0000 https://www.sanjoseinside.com/?p=201208240 Shangri-La Construction took loans against state-funded housing projects, moved money into other bank accounts and left projects unfinished.

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]]> https://www.sanjoseinside.com/news/state-lenders-seek-to-recover-170-million-from-homekey-housing-developers/feed/ 2 Feds Arrest East Bay Man for $39M Ponzi Scheme with Warriors, Lakers Tickets https://www.sanjoseinside.com/sports/feds-arrest-east-bay-man-for-39m-ponzi-scheme-with-warriors-lakers-tickets/ https://www.sanjoseinside.com/sports/feds-arrest-east-bay-man-for-39m-ponzi-scheme-with-warriors-lakers-tickets/#respond Fri, 05 May 2023 17:14:29 +0000 https://www.sanjoseinside.com/?p=201204247 Prosecutors said the suspect misappropriated and diverted more than $7.3 million of investor funds for his own personal benefit, which included paying credit card debts; making cash withdrawals; paying for travel, luxury automobile and jewelry purchases; and paying utilities bills.

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