SEC Charges Grocery Reseller in Ponzi Scheme

A Miami Beach, Fla.-based grocery reseller surrendered to federal authorities on Wednesday amid charges that his business, Capitol Investments USA, was a Ponzi scheme used to enrich himself and unrelated business ventures.

WASHINGTON — A Miami Beach, Fla.-based grocery reseller surrendered to federal authorities on Wednesday amid charges that his business, Capitol Investments USA, was a Ponzi scheme used to enrich himself and unrelated business ventures.

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