Two Missouri insurance brokers pleaded guilty to stealing $3 million from elderly victims in a six-year fraud the U.S. Attorney's office calls a Ponzi scheme. From their offices in the Hill neighborhood in St. Louis, Robert Palmer, 45, of Kansas City, Missouri, and Mark Driver, 50, of St. Louis, st ... More >>
A couple big developments yesterday in the criminal prosecution of the largest Ponzi scheme in St. Louis history, a.k.a., "The British Lending Program": 1) Bishop Martin Sigillito, convicted by a jury last April for masterminding the $52 million fraud, will not be getting a new trial. On Tuesday, Ju ... More >>
Last month, a federal jury convicted Martin Sigillito (a lawyer and American Anglican bishop) of running a $66 million Ponzi scheme. Now, he feels he deserves a new trial. The reason: "sustained governmental misconduct." In a motion filed Wednesday, Sigillito's attorney, Doug Roller, argued that fed ... More >>
Martin Sigillito, a Clayton attorney and American Anglican bishop accused of running a $66 million Ponzi scheme, is now defending himself at his federal trial by blaming the secretary who blew the whistle on him. (See our original feature that broke the story and follow-ups). The secretary, Liz S ... More >>
Image viaJ. Scott Brown and Derek Smith admitted to joining in a huge Ponzi scheme worth $52 million.Bishop/attorney Martin Sigillito has chosen to continue fighting federal charges that he ran a $52 million Ponzi scheme -- perhaps the biggest in state history (see our feature here). But now he s ... More >>
Bishop/Attorney Marty SigillitoUpdated 4:16 p.m. with press release outlining indictment. We have all but official confirmation that Martin Sigillito -- the Clayton attorney and American Anglican bishop who already stands accused in civil court of running a $45 million ponzi scheme -- has finally ... More >>
In today's news: Michael Pollan on Tom Vilsack, the sweetener Truvia and a victim of Bernard Madoff's Ponzi scheme.