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Ponzi Scheme

Former Santa Clarita Financial Services CEO Convicted Of Defrauding Dozens In $2.3 Million Ponzi Scheme

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The former CEO of a Santa Clarita-based financial services company was sentenced to 33 months in federal prison for his active role in defrauding dozens of investors, including his own clients, in an over $2.3 million Ponzi scheme.  Former CEO Scott Allensworth, 68, was sentenced to 33 months in federal prison and ordered to pay $2.3 million in restitution for ...

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Director Dismissed Of Fraud, Valencia Women Due In Court

A film director accused of running a $21 million ponzi scheme involving the film “Not Forgotten” was dismissed of all charges Friday. Don’t miss a thing. Get breaking KHTS Santa Clarita News Alerts delivered right to your inbox. Dror Soref, 66, and Michelle Seward, 44, were both charged 56 counts of securities fraud and the sale of unregistered securities, according to the ...

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Santa Clarita Film Maker Accused Of Running Ponzi Scheme Due Back In Court

Film Director Dror Soref is scheduled to appear back in court next week after he was arrested in Sept 2015 from being accused of running a $21 million Ponzi scheme. Don’t miss a thing. Get breaking KHTS Santa Clarita News Alerts delivered right to your inbox. Soref is set to make another appearance in court Monday, Nov. 28 for his preliminary hearing. ...

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Film Director, Valencia Woman Arrested In Santa Clarita Arraigned For ‘Ponzi’ Scheme

Film director Dror Soref and Michelle Seward were arraigned this week after being arrested in Santa Clarita in September for allegedly running a multimillion dollar ponzi scheme. Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox. Soref, 65, of Santa Clarita, is suspected of violating section 25110 of the state of California Corporations Code and was ...

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Film Director Dror Soref Arrested For Running Alleged Ponzi Scheme

Film director Dror Soref was arrested in Santa Clarita Friday for allegedly running a multimillion dollar ponzi scheme. Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox. Soref, 65, of Santa Clarita, is suspected of violating section 25110 of the state of California Corporations Code and was arrested by officials with the California Department of Insurance, ...

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SCV Ponzi Scheme Architect Faces Sentencing In May

When Celia Gallardo, 42, of North Hills, is sentenced in May in a federal courtroom, there will be plenty of Santa Clarita Valley residents paying attention, according to a victim who said Tuesday he was milked out of about $200,000.  Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox.               ...

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