Ponzi Scheme Involving Brentwood Financial Adviser Defrauded Investors of More Than $9 Million

Donna Jones, 37, of Dickson, TN was arrested today on charges of conspiracy, bank fraud, money laundering, mail fraud, and wire fraud, announced United States Attorney Edward M. Yarbrough. The arrest follows Jones' indictment by a federal grand jury in Nashville on March 25, 2010. Jones, 37, was the former administrative assistant and office manager for Michael J. Park, a Brentwood, Tennessee financial advisor who was charged in 2009 with mail and wire fraud for operating a sophisticated investment fraud/Ponzi scheme that defrauded investors of more than $9,000,000. Park, who has already pleaded guilty to mail and wire fraud charges, is awaiting sentencing. According to the Indictment, Donna Jones and Michael Park repeatedly encouraged people to invest by falsely promising inflated returns on their money and concealing their illegal activities by creating fictitious documents designed to mislead investors. Posted in: Deposit Account Fraud