San Diego Residents Charged with Conspiracy in a Ponzi Scheme and How an Experienced Southern California Criminal Defense Attorney Can Help You – California Penal Code 182

It was recently reported that four San Diego residents, Edmundo Rubi, Benjamin Hebron, Gloria Hebron, and Joseph Encarnacion, were indicted on felony charges of conspiracy and other counts for running a Ponzi scheme. They are suspected of targeting the San Diego Filipino community. Each faces up to 15 years in prison if found guilty.

A Ponzi scheme is a pyramid investment scheme. Investors are promised high returns on their investment. The investors are paid returns from money collected from later investors rather than from any actual profits earned. The scheme was named after Charles Ponzi, who in the early 1920’s became infamous for making millions in a mail fraud scheme. Charges associated with a Ponzi scheme range from conspiracy to business fraud to theft depending upon the case.

If you or a loved one is facing a fraud charge related to any similar incident, contact the experienced San Diego criminal defense attorneys at Wallin and Klarich. Our San Diego criminal defense attorneys will aggressively defend you using their experience and expertise. Your Wallin & Klarich attorney will go over your case in great detail and provide you with the best possible defense for your case. Call Wallin & Klarich today at 877-230-1529 or visit www.wklaw.com. We will be there when you call.