CrimeDivas

Female White-Collar Crime Divas-Mordern Day Thieves

Ponzi Scheme – $11 Million sends Woman to Prison for 5 years

Ponzi

“Trust, but verify,” An old Russian saying.

     In this world of deception, if you have anything to lose this is wise advice.

I am amazed when reading various articles  that so many individuals leave themselves wide open for these types of criminal acts to be played on them.   With all the information in the newspapers, broadcasted via radio,cable television, and through the world-wide-web you and/or your company must stay informed and stay alert.

Today’s CrimeDivas is, Emilee Peterson Buckley, age 39, of Salt Lake City. Ms. Buckley was charged, convicted, and sentenced to 5 years for three counts of wire fraud in connection with an investment fraud scheme she operated as the owner of Calypso Financial LLC in Salt Lake City.

Apparently, from January 2007 until October 2007, Ms. Buckley, planned and executed a scheme in which she had investors believe that her company was financially sound, and through false and misleading representations had investors invest anywhere from $100,000 to as much as $3.5 million. When in fact her company was unable to meet its monthly obligations. Once the investors invested the funds were used to pay past debtors, which in term is part of the Ponzi scheme.

In addition to the five years in prison, Ms. Buckley has been ordered to repay $11,272,908.74 in restitution.

After reading the FBI article on this case, I can see how Ms. Buckley got herself caught-up in this situation. As with any self-employed business person, one would try to save their company from going under. Unfortunate, Ms. Buckley, gamble on a high-risk move that turned into a crime. Sometimes, it’s best to just let it go and start anew the right way.

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Check-pointDecember 31st, 2016
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