Maui Ponzi Schemer Sentencing Today
By Wendy Osher
A Maui woman who pleaded guilty to charges involving the operation of a Ponzi scheme will be sentenced today before a Honolulu US District Judge.
Jedidah “Jed” Duarosan was charged with operating the scheme and allegedly collecting approximately $882,000 from six Maui families.
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.
Duarosan is scheduled to be sentenced at 2:15 p.m. today before Judge Seabright.