Woman accused of running Ponzi scheme

May 14, 2012 10:29:46 AM PDT
Authorities say a New Jersey woman operated a Ponzi scheme over a six-year period by telling people they could invest in a hedge fund operated by financier George Soros.

Soros never heard of Dunya Predovan or the hedge fund.

Bergen County's prosecutor says the 58-year-old collected approximately $450,000 and investors never received any money.

The Manahawkin resident is held on $100,000 bail, charged with theft by deception and issuing bad checks.

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