ponzi scheme

February 05February 05
Bernie Madoff says he’s dying and wants out of prison
- Entertainment
Bernard Madoff says he is dying and is asking a judge for compassionate release from prison, where he is serving 150 years for orchestrating the largest Ponzi scheme in history, according to a Wednesday federal court filing. Madoff, 81, has terminal kidney failure and a life expectancy of less than 18 months, according to the filing. He […]
July 16July 16
Luxe Vacation Homes “Ponzi Scheme” Continues with Possible Ramifications for Cities Involved
- Money
- You Ask. We Investigate.®
LA QUINTA – An ongoing investigation of the Luxe Vacation Home “Ponzi scheme” shows how the business has ripped off renters, homeowners and other services. A former Luxe homeowner said the city is also in the mix. “Somebody accidentally sent me two different statements and they had two different reservation numbers and two completely different […]

Daytona Everett
July 12July 19
Renters Caught up in “Ponzi Scheme” Show up to Unavailable House
- Money
- You Ask. We Investigate.®
LA QUINTA – Luxe Vacation Homes was running a rental “Ponzi scheme” to pay off future rentals with current rentals. “Imagine that, 50 houses, 45-thousand dollars for three weeks,” Quartez Wynn, a rental house manager, said. Luxe Vacation Homes received fifty percent of every transaction they made, up front. “That’s a lot of money,” Wynn […]

Daytona Everett
July 11July 12
Luxe Vacation Homes Could Owe Millions After “Ponzi Scheme”
Luxe Vacation Homes in La Quinta is now permanently closed but hundreds of people are asking for their money. Justin Steubs is the owner of Luxe Vacation Homes which is an agency that rents out short-term rentals for homeowners. “It’s about $1.2 million in liabilities,” Aleazar Lua, a former business partner of Steubs, said. Lua […]

Daytona Everett

Bernie Madoff says he’s dying and wants out of prison

Luxe Vacation Homes “Ponzi Scheme” Continues with Possible Ramifications for Cities Involved

Renters Caught up in “Ponzi Scheme” Show up to Unavailable House

Luxe Vacation Homes Could Owe Millions After “Ponzi Scheme”

Trending Now

Follow us on Facebook

Subscribe