William M. Apostelos and Connie M. Apostelos—Ponzi Scheme
William M. Apostelos and Connie M. Apostelos Allegedly Orchestrated a $70 Million Ponzi
William M. Apostelos, 54, and Connie M. Apostelos, 50, both formerly of Springboro, Ohio, allegedly fraudulently persuaded hundreds of individuals from all over the U.S. to invest $70 million collectively, according to documents from the U.S. Attorney’s Office in the Southern District of Ohio.
William M. Apostelos and Connie M. Apostelos, beginning in 2009, and continuing for at least five years, allegedly operated a Ponzi scheme in the Dayton area in which nearly 480 investors allegedly lost more than $30 million collectively, according to said documents.
William M. Apostelos and Connie M. Apostelos Allegedly Recruited Investors from 37 States to Invest in WMA and Midwest Green
William Apostelos allegedly operated and managed multiple purported investment and asset management companies in the Dayton area, including WMA Enterprises, LLC, Midwest Green Resources, LLC and Roan Capital, according to documents from the U.S. Attorney’s Office in the Southern District of Ohio.
William M. Apostelos and Connie M. Apostelos allegedly recruited investors from 37 states to invest in WMA and Midwest Green, purportedly telling investors that their money would be used for acquiring stocks or securities, purchasing real estate or land, providing loans to business and buying gold and silver, the U.S. Attorney’s Office reports.
As a result of the aforementioned behavior, a number of investors have initiated legal action against the couple, and William and Connie Apostelos are charged with one alleged count of conspiracy to commit mail and wire fraud, eight counts of mail fraud and 13 counts of wire fraud, crimes punishable by up to 20 years in prison.
The Peiffer Rosca Wolf Investor Rights Lawyers Aid and Support Investors
The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of alleged Ponzi schemes. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of alleged Ponzi schemes may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.