Alfred John Schlette Pleads Guilty to Ponzi Scheme

Alfred John Schlette of San Ramon, California pleaded guilty to charges of defrauding investors and misrepresenting himself as an intraday trader. Schlette allegedly stole over $1.6 million from investors. Schlette pleaded guilty to nine counts of mail fraud after an indictment from a federal grand jury alleging that he never invested the money the investors… Read more »