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66%  
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  • MAN PLEADS GUILTY TO FEDERAL CHARGES AFTER SWINDLING MORE THAN $24 MILLION FROM LOCAL VICTIMS

    11/20/2005 10:14:08 AM PST · by Calpernia · 3 replies · 1,961+ views
    ICE! ^ | November 16, 2005 | ICE!
    MAN PLEADS GUILTY TO FEDERAL CHARGES AFTER SWINDLING MORE THAN $24 MILLION FROM LOCAL VICTIMS Phony investment program misled hundreds of South Bay residents SAN DIEGO – A Chula Vista man pleaded guilty here earlier this week to money laundering and mail fraud charges for his role in a sophisticated investment scam that bilked hundreds of middle and low-income investors out of more than $24 million. Edmundo Rubi, 47, entered his plea Monday in U.S. District Court. The highly lucrative pyramid scheme involving Rubi, his wife Luisa Rubi, 47, and a third business partner, came to light as a result...