Thursday, July 31, 2014         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

Ex-inmate pleads guilty in scam to take $2M from isle prisoners

By Nelson Daranciang

LAST UPDATED: 01:36 a.m. HST, Apr 06, 2011

A man who spent eight years in federal prison for ripping off 47 victims of $3 million in a Ponzi scheme on the mainland pleaded guilty in federal court in Honolulu yesterday to charges that he also swindled Hawaii prison inmates and their families out of nearly $2 million in another scheme.

Perry Jay Griggs pleaded guilty to one count each of wire fraud and mail fraud. He could get up to 20 years in prison on each count when a federal judge sentences him in July.

His wife, Rachelle Griggs, is scheduled to plead guilty next week.

The government says the Griggses and Kapua Keolanui, wife of a Hawaii inmate in federal prison in Las Vegas, persuaded other inmates and their families to refinance their mortgages and empty their retirement and savings accounts to invest in their bogus commodities trading company for guaranteed returns.

At the time, Perry Griggs was serving a prison term in Nevada for a Ponzi scheme he ran in California.

When a grand jury in Hawaii returned an indictment last October charging the Griggses with mail fraud, wire fraud and money laundering, Perry Griggs had completed his prison term, and he and his wife were on the run.

The FBI arrested them in December in Arizona.

Keolanui pleaded guilty to wire fraud in November and agreed to cooperate with


 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
Political Radar
`Toss up’

Political Radar

Political Radar
Hilton; Plaza Club

Political Radar
Direct mail

Political Radar
Direct mail

Aperture Cafe
Ramadan #latergram