Friday, April 13, 2012

Grand jury indicts Chubbuck man on wire fraud

BOISE, Idaho (AP) ? A federal grand jury has issued a five-count indictment against a Chubbuck investor accused of duping clients out of more than $960,000 and running a Ponzi scheme. According to the indictment, of the $1.85 million raised from his investors, Demuzio only invested a small portion in foreign markets.

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