Arizona Developer Accused of 20-Year Fraud Scheme

Arizona Investor FraudAn Arizona developer has been accused of stealing $20 million from investors in a scheme that lasted nearly 20 years, according to recent reports. John Hoover, along with his wife and son, are accused of fraud in filing bankruptcy and using a series of financial transactions to hide hundreds of thousands of dollars in assets from creditors. As many as 460 investors are said to have been affected by the scam. Continue reading

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