Home » Caribbean News » Guyanese In Alleged Ponzi Scheme Gets Attorney

Guyanese In Alleged Ponzi Scheme Gets Attorney

CaribWorldNews, NEW YORK, NY, Fri. July 17, 2009: A 66-year-old Guyanese man, accused of bilking investors out of millions of dollars in an alleged Ponzi scheme, was this week given an attorney by a judge hearing the case.

Neville Solomon, 66, of Georgetown, Guyana, has been charged with wire fraud and conspiracy to defraud the United States among other charges. He has pleaded not guilty.

Solomon was arrested two months ago in Trinidad after eluding authorities for about 18 months. Prosecutors want Solomon to repay more than $2 million.

The case dates back nearly a decade, when North Dakota officials started getting questions from people who had been solicited as potential investors in bank programs that promised high returns risk-free.

His trial is set for Aug. 24.