Maui Woman to Enter Plea in Ponzi Scheme CaseJuly 25, 2012, 7:59 AM HST · Updated July 25, 12:23 PM 0 Comments
By Wendy Osher
A Maui woman is expected to appear in federal court today on charges in connection with an alleged ponzi scheme operation.
Jedidah Duarosan is charged with operating the scheme and allegedly collecting approximately $882,000 from six Maui families.
The plea entry is expected before US District court magistrate, Judge Richard Puglisi at 2:30 this afternoon.
Duarosan is not in custody and is expected to remain free until her sentencing.
Duarosan was arrested at her home in Kula, Maui in November 2011.
The indictment alleges that some of the money provided by investors was kept by the defendant for her own use, without the knowledge or consent of the investors.
The statutory maximum penalty for the charged crime is 10 years, if convicted.