PHOTOS: Assets in Ponzi scheme case
The Aposteloses were indicted in 2015 on 27 counts alleging that they defrauded nearly 500 investors out of tens of millions of dollars in a $70 million Ponzi scheme during at least a five-year period from 2009 to 2014.
The trial date has been pushed back several times, and three other people have pleaded guilty to related crimes. Last month, Apostelos’ attorney Steven Scudder pleaded guilty to wire fraud. Last year, Apostelos’ sister and the sister’s daughter each pleaded guilty to one count of conspiracy.
RECENT COVERAGE
» JAN. 20: Centerville attorney pleads guilty to Ponzi scheme role
» JAN. 8: 2 agree to plea deals in alleged $70M Ponzi case
» MAY 2016: Springboro couple's trial for alleged Ponzi scheme delayed
» APRIL 2015: New details emerge in case of alleged Ponzi scheme
Both William and Connie Apostelos have been on electronic home monitoring. William Apostelos faces civil lawsuits also related to his busineses and a forced bankruptcy case.
Rose recently dismissed a lawsuit brought by Apostelos' alleged victims against PNC Bank. The suit said PNC missed obvious signs that Apostelos used his accounts in a suspicious manner.
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