#george lindell

2 Former Maui Residents Sentenced for Charges in $26M Ponzi Scheme

George Lindell, 68, and Holly Hoaeae, 41, both formerly of Maui, were sentenced to 210 months and 120 months imprisonment, respectively, for charges related to the operation of a Ponzi scheme in which 166 individuals were induced to invest over $26 million dollars.

Former Maui Residents Found Guilty in $26 M Ponzi Scheme

Two former Maui residents were found guilty of fraud in connection with their operation of a $26 million Ponzi scheme, according to the US Justice Department.

“The Mortgage Store” Owners Indicted for Alleged Ponzi Scheme

The 17 count indictment was handed down by a federal grand jury yesterday against George Lindell, 65, and Holly Hoaeae, 39.