Elderly woman, son charged in Ponzi scheme

The News Leader

March 3, 2011 4:41:05 AM PST
An elderly Rockland County woman and her son have been charged with running a $10 million Ponzi scheme.

Authorities say 80-year-old Jeanette Berney and 52-year-old Elliot Berney convinced neighbors and friends to invest in their company, NHI Metals.

Officials say the Berneys just kept the money and never invested anything.

Both face grand larceny charges.

Do you have something to add to this story? Click here to contact Eyewitness News.