Article: SECOND MAN CHARGED IN $40 MILLION FOLSOM PONZI SCHEME

SACRAMENTO, Calif, Oct. 28 -- The U.S. Department of Justice's Federal Bureau of Investigation issued the following press release:

United States Attorney Lawrence G. Brown, FBI Special Agent-in-Charge Drew Parenti, and IRS-Criminal Investigation Special-Agent-in-Charge Scott O'Briant announced that KENNETH KENITZER, 66, of Pleasanton, California has been charged for his role in a massive investment fraud scheme that caused losses of more than $40 million to approximately 150 investors. Defendant KENTIZER has agreed to plead guilty to mail fraud and money laundering charges and to cooperate in this investigation. He is expected to appear in U.S. District Court in Sacramento in the near ...

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