15 ARRESTED IN $1.4 MILLION FRAUD SCHEME IN MA
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“15 ARRESTED IN $1.4 MILLION FRAUD SCHEME IN MA”
covered 2026-06-19 ▶ Be on the air with LiveNOW from FoxAdd your voice
This storyWhat's the most likely outcome of the DOJ fraud case in MA?
The original Ponzi scheme was run out of Boston, MA in 1920!
Charles Ponzi promised 50% returns in 90 days, defrauding ~$20M from investors (worth ~$290M today). He was arrested in August 1920 after the Boston Post exposed him, serving 3.5 years in federal prison.
This storyIs the DOJ doing enough to prosecute fraud in Massachusetts?
This storyWhat federal agency prosecutes most wire fraud cases in the US?
- The FBI
- The DOJ
- The SEC
- The IRS
Guess, then reveal the answer
The DOJ
Wire fraud charges can carry up to 20 years per count in prison!
The federal wire fraud statute (18 U.S.C. § 1343) was enacted in 1952. In multi-count indictments — like this MA case — defendants can face cumulative sentences totaling well over a century.
This storyWhat should happen to the 15 arrested in MA's $1.4M fraud scheme?