Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Palmer Pleads Guilty In Ponzi Scheme

May 26, 2011
Total Loss: $20 Million

The man accused of running a ponzi scheme in eastern Idaho has made a plea agreement. Daren Palmer made the agreement with the government on charges of wire fraud and money laundering, according to court documents.

Palmer signed the agreement on Tuesday and lawyers filed it on Wednesday.  In the documents it shows David Swenson and three others ...

Source: NPG of Idaho
Posted in: ACH and Wire Fraud Money Laundering
Tags: wire fraudAMLmoney launderingPonzi scheme