US charges two in $275 million water vending machine Ponzi case

Criminal Justice,Manhattan,Fraud

Posted on AllSides August 14, 2025

From the Center

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A Washington state entrepreneur and a former Jefferies portfolio manager were criminally charged on Thursday over a Ponzi scheme and related fraud involving water vending machines that totaled as much as $275 million, with military veterans among the victims, U.S. authorities said.

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