A West Palm Beach federal judge approves a receivership plan to repay victims of George Theodule's $68 million Ponzi scheme targeting fellow Haitian-Americans.
April 11, 2016 at 12:00 AM
1 minute read
A West Palm Beach federal judge has approved a plan to repay victims of a $68 million affinity Ponzi scheme that targeted working-class Haitian-Americans in South Florida.
The receiver for the companies involved in the scheme plans to distribute more than $5 million to victims after years of working to increase an asset pool that started at $28,000. The plan was approved March 29 by U.S. District Senior Judge Daniel T.K. Hurley.
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