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Fort Lauderdale Men
Arrested In $6 Million Aircraft Parts Ponzi Scheme By Jim Douglas |
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December
17, 2011 - On Wednesday Victor Brown, 54, of Hollywood, Florida
and Roger Green, 78, of Stuart, Florida
were taken into custody on charges of racketeering and
conspiracy to commit first-degree racketeering. It is alleged
that both men set up a scheme where they would bring in
investors, tell them they were selling C-130 aircraft parts
worldwide (Lockheed C-130 Hercules is a four-engine turboprop
military transport aircraft) and the investor could make 18
percent on their investment. It's alleged that both men did not sell any C-130 aircraft parts. Both men paid themselves $1,748,00 in salaries, although the contract with the investors prohibited from using the money in salaries. On Thursday Brown posted $150,000 bond for his release from Broward's Main Jail. As of Friday Green was unable to post bond and remains in jail on the same bond amount as Brown. Both men were arrested for defrauding more than a dozen investors out of more than $6 million in a Ponzi scheme. |
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