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December 17, 2010

FBI arrests couple accused of Ponzi scheme

Bloomberg reports that the FBI has captured Perry and Rachelle Griggs, a couple accused of swindling approximately $3 million from investors through their Aloha Trading investment program. The investors are all relatives of inmates who Perry Griggs served time with at a Nevada prison. In October, a federal grand jury in Honolulu indicted the Griggs on 13 counts of wire and mail fraud related to the alleged scheme.