Friday, March 18, 2016

Jamaicans Not Keeping Up With the Jones'

"A former Massachusetts resident was arrested at the Miami airport Sunday for allegedly running a Ponzi scheme, federal prosecutors in Boston said. Mark Anderson Jones, 64, who currently lives in Jamaica, was charged with wire fraud after allegedly leading investors to believe they were providing loans for Jamaican businesses, according to US Attorney Carmen Ortiz’s office. Between 2007 and 2015, Jones allegedly obtained about $10 million from more than 20 individuals, some of them in Massachusetts, according to the complaint. Starting in November 2014, prosecutors allege, Jones stopped using the investor money for loans, and started using new investors’ money to pay off prior participants."