Monday, August 11, 2014
(Minneapolis, MN) -- A financial planner from Minneapolis is being accused of running a Ponzi scheme worth around 13-million dollars. Authorities say Sean Meadows allegedly used the money from the retirement funds of around 50 people for personal expenses. The money was also said to be used to pay off the investors of other victims involved in the scheme. Meadows has been indicted on felony charges of mail fraud, wire fraud and money laundering.