James Catledge

Investment Advice Guru Who Gave Big To GOP Accused Of Ponzi Scheme (VIDEO)

Justin Elliott | February 2, 2010, 12:52PM

A Nevada motivational speaker-cum-investment guru who is also a major GOP donor is being accused in court documents of operating a Ponzi scheme in which investors were promised big returns for buying real estate in the Dominican Republic.

While the FBI is reportedly investigating the businessman, James Catledge, he has not been charged with a crime by the government. The accusations against Catledge are leveled in the lengthy report of a special master who was appointed by a federal judge in Florida as part of a civil suit brought by aggrieved investors.

Read more »

PERMALINK | COMMENTS | RECOMMEND RECOMMEND (9)
Topics: FBI, GOP donor, James Catledge, Ponzi Schemes, U.S. Attorneys