Crime Voice Staff Report
SACRAMENTO — State and federal authorities have found a second person to hold accountable for a $40 million investment fraud scheme that targeted 150 investors in northern and eastern parts of California and is still under investigation.
By Penne Usher, Special to the Folsom Telegraph
A Folsom man facing federal charges in a $40 million investment fraud scheme was released from federal custody after several of his investors put up their homes to raise bail money.
Anthony Vassallo, 29, is suspected of running a highly profitable Ponzi scheme, bilking 150 investors out of millions. Many of the victims were members of his church. He was arrested March 19. Read the full story
