ponzi scheme

Michigan Man Found Guilty In $50 Million Ponzi Scheme

A Michigan man was found guilty today of 15 counts of mail fraud in a $50 million Ponzi scheme that spanned ten years.   Joseph Zada was found guilty today of 15 counts of mail fraud in a $50 million Ponzi scheme ripped off retired Detroit Red Wing Sergei Federov and countless others A Michigan […]

As Detroit Slides Into Insolvency, Red Wings & Tigers Owner Owes City $1M In Back Taxes

Steve Dibert, MFI-Miami It was released today that Mike Ilitch’s pizza and entertainment businesses owe the City of Detroit over a $1 million in back taxes going back to 2009.  Mike Ilitch, is owner of the Little Caesar’s Pizza chain, the Detroit Tigers and the Detroit Red Wings. Questions arose today in Lansing about Olympia […]

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