Lauderhill Woman Accused Of Running $4 Million Ponzi Scheme
FT LAUDERDALE (CBSMiami) – A Lauderhill woman who ran a company which allegedly dealt with federal bail and immigrations bonds is accused of running a multi-million dollar Ponzi scheme.
On Thursday 54-year old Jenny Coplan was indicted on three counts of wire fraud.
As president of Immigration General Services LLC (IGS), Copland reportedly sought out investors for phony bonds and promised interest rates exceeding 60 percent a year on their investments.
Coplan allegedly promised that the investments were insured by the Federal Deposit Insurance Company and had little risk, and she had the experience and licenses to invest in these bonds.
According to the indictment, Coplan also gave investors fictitious financial statements and fraudulent e-mails from the bond corporation in which investors were purportedly investing.
She allegedly received $4 million from these investors. Rather than investing the money in the bonds as promised, Coplan reportedly used the money from new investors to pay old investors and for her personal use.
If convicted, she faces up to 20 years in prison for each count.
