Newport Beach man indicted in $300 million nationwide Ponzi scheme that preyed on veterans and investors
A Newport Beach man was charged in Greenville, South Carolina for a Ponzi scheme that defrauded pension holders “desperate for money,” many of whom were veterans, according to the U.S. Attorney’s Office. When the company involved stopped doing business in early 2018, authorities said, investors were owed about $300 million. Scott Kohn, 64, was arraigned…