SEC Busts Maria Sladich and Kay Services in Ponzi Scheme
The SEC charged Maria Sladich, a 50 year old ticket taker and usher at the Meadowlands Sports Complex in New Jersey (home of the New York Jets and New York Giants), with conducting a Ponzo scheme. It’s alleged that Maria Sladich and Kay Services, a purported real estate investment company, duped at least a thousand people to the tune of $10 million! Kay Services was wholly owned by the 50 year old scam artist and she targeted members of her own church, the Family Federation for World Peace (also known as the Unification Church or Moonies), for marks.
Allegedly investors were investing in domestic and international real estate and could expect 100% returns over the course of a year, with a minimum investment of $3000. With a $3000 investment, you could expect to see $500 monthly payments for 12 months.
Ticket-Taker Faces SEC Fraud Charges [Wolters Kluwer Financial Services]