East Greenwich man pleads guilty to charges related to ‘Ponzi-like scheme’

PBN Staff

September 21, 2020 3:47 pm

AN EAST GREENWICH resident has pleaded guilty to two counts of security fraud and one count of wire fraud in Manhattan Federal Court. Prosecutors said that David Wagner ran a a Ponzi-like scheme, soliciting over $8 million from investors through materially false and misleading statements. / AP FILE PHOTO/J. DAVID AKE

PROVIDENCE – An East Greenwich resident pleaded guilty to two counts of security fraud and one count of wire fraud in Manhattan Federal Court Monday, the U.S. Attorney’s Office Southern District of New York said. David Wagner, 54, was said to have operated a number of corporate entities as a "Ponzi-like scheme," soliciting over $8…