abc
QUICK LINKS:

Mpls. Financial Planner Accused in Possible Ponzi Scheme Indicted

Created: 08/05/2014 10:32 PM KSTP.com
By: Cassie Hart

A Minneapolis financial planner accused in a possible multi-million dollar Ponzi scheme was indicted in federal court Tuesday.  

Back in May we told you about an alleged scheme involving Sean Meadows. He is accused of scamming the retirement accounts of more than 50 Minnesotans.

Search warrants executed on Meadows' office and Eden Prairie home spell out the case against him.

Investigators allege Meadows falsely told victims their money would be placed in bonds.

Instead, he's accused of using the money to pay for personal expenses and to make payments to other victim investors.


Minneapolis/St. Paul

Clear
54°
68° | 48°
  • Feels like: 54° F
  • Wind: SW 8mph
  • Humidity: 62%
  • Wed A few clouds
    70° | 53°
  • Thu More sun than clouds
    72° | 54°
  • Fri A few thunderstorms possible
    76° | 62°
  • Sat Thunderstorms early
    72° | 56°

Video

KSTP NEWS