50-Year-Old Woodland Hills Man Arrested in Alleged Ponzi Scheme

50-Year-Old Woodland Hills Man Arrested in Alleged Ponzi Scheme

by Contributing Editor
A 50-year-old Woodland Hills man suspected of stealing millions of dollars in a Ponzi scheme, mainly from senior citizens, was arrested Tuesday. Shehzad Peermahomed allegedly misled at least nine victims into believing they were investing in real estate from which they would receive monthly interest payments, police said. The victims used their retirement savings to […]

All credit goes to Contributing Editor
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