Frank, Juengel & Radefeld, Attorneys at Law Frank, Juengel & Radefeld, Attorneys at Law DEFENDING THE RIGHTS OF THE ACCUSED 314-282-8657 Menu View Our Practice Areas

Woman faces multiple charges for alleged Ponzi scheme

Law enforcement in St. Louis is stepping up its pursuit of fraud and increasingly filing white collar crime charges. With the recent history of how they can damage the world's economy and so many lives, a Ponzi scheme will elicit an intense federal investigation. It is one of the most serious forms of white collar crime and is treated very harshly if there is a conviction.

A 63-year-old woman who owned businesses specializing in shipping, logistics and freight payment was arrested and charged with operating a Ponzi scheme worth $42 million. She now faces a litany of charges including various forms of fraud. The business was supposed to pay audited freight bills for corporations. Rather than make the payments, the woman kept the money. Some of what she purchased included a yacht, a luxury sports car, several homes and for credit card bills accrued by her and her family. She is confronted with the possibility of 20 years in jail on each of the most serious charges.

People who run a business understand that there are times they might be accused of taking shortcuts to succeed. Perhaps they forget to pay taxes, don't file proper paperwork for certain deals or simply do something they should not be doing to keep the business running. Although fraud might not seem as if it's in the category of other crimes, law enforcement is constantly pursuing people who are believed to have committed fraud and will file white collar crime charges for many reasons. No matter the reason for the arrest, whether it's a clear scam or an honest mistake, everyone deserves a strong defense. In many instances, paying restitution will allow the charges to be reduced or dropped completely.

The woman in this case denies wrongdoing. Because a federal investigation into a Ponzi scheme draws so much attention, it's imperative that a person who is accused of these misdeeds have sound legal representation. When facing any kind of fraud allegations, the first thing a person should do is discuss the matter with a legal professional experienced in white collar crime charges.

Source:, "Former NJ woman accused of running $42M Ponzi scheme," Jeff Goldman, May 29, 2014

No Comments

Leave a comment
Comment Information

Contact Our Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Frank, Juengel & Radefeld,
Attorneys at Law

7710 Carondelet Avenue
Suite 350
St. Louis, MO 63105

Phone: 314-282-8657
Fax: 314-721-4377

View Map and Directions

FindLaw Network
Super Lawyers AV Lexis Nexis Martindale Hubbell PeerReviewRated The National Trial Lawyers Top 100 Trial Lawyers The Bar Association of MetroPolitan St. Louis Illinois State Bar Association St. Louis Business Journal
National Association of Criminal Defense Lawyers The Missouri Bar St. Louis County Bar Association MACDL UP COMING 2011 Avvo Rating 10.0 Superb | Top Attorney Criminal Defense
Back to Top