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Bergen County Prosecutor's Office

Monday, May 14, 2012

Manahawkin Woman Accused of Ponzi Scheme

Bergen prosecutor claims Dunya Predovan swindled investors out of $450,000

A Manahawkin woman is being held in the Bergen County Jail after being accused of being the architect of a Ponzi scheme that swindled investors out of $450,000. Dunya Predovan, 57, of Jeteemale Drive was arrested Thursday by members of the Bergen County Prosecutor's Office and Alpine (Bergen County) Police Department after a joint investigation revealed she had cheated investors out of money from 2005 to 2011, Bergen Prosecutor John Molinelli said in a release. Molinelli said Predovan got numerous people to invest in a hedge fund she said was being handled by George Soros, the acclaimed financier and chairman of Soros Fund Management. A claim from Predovan to have worked for Soros in the 1980s was false, Molinelli said, and Soros had no …

Pay McGroin

8:24 pm on Monday, May 14, 2012

Sorry but I find this whole story very hard to believe until I get more facts I don't believe one word in this article   more ›

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