October 12, 2024
Loading...
You are here:  Home  >  Banking & Finance  >  Current Article

Ponzi scheme costs ATM investors $125M

IN THIS ARTICLE

A Santa Barbara-based law firm filed a class-action lawsuit that aims to recoup losses of an alleged 1,300 victims — including some in the Tri-Counties — caught up in an estimated $125 million Ponzi scheme. Joel Gillis and Edward Wishner allegedly sold investors on automated teller machines that often didn’t exist. Over a 15-year span,…

Subscribe

    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.