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$10K reward offered in Ponzi scheme case

By Star-Advertiser staff

POSTED: 01:30 a.m. HST, Jan 15, 2013

~~<p>The FBI has announced a new $10,000 reward for information leading to the capture of a 63-year-old German national who allegedly operated a $1.2 million Ponzi scheme on Kauai and was indicted by a federal grand jury in July 2007.</p>
<p>Peter Heckman, who also uses the first name Hans and sometimes spells his last name Heckmann, was indicted on seven counts of wire fraud relating to an investment scheme. The indictment alleges that Heckman ran a failing recording studio on Kauai and offered potential investors guaranteed returns of 10 to 15 percent for terms as short as two weeks. He allegedly raised more than $1.2 million from investors while creating the illusion of legitimate investment returns by paying early investors with funds from later investors in what is commonly known as a Ponzi scheme.</p>
~~

The FBI has announced a new $10,000 reward for information leading to the capture of a 63-year-old German national who allegedly operated a $1.2 million Ponzi scheme on Kauai and was indicted by a federal grand jury in July 2007.

Peter Heckman, who also uses the first name Hans and sometimes spells his last name Heckmann, was indicted on seven counts of wire fraud relating to an investment scheme. The indictment alleges that Heckman ran a failing recording studio on Kauai and offered potential investors guaranteed returns of 10 to 15 percent for terms as short as two weeks. He allegedly raised more than $1.2 million from investors while creating the illusion of legitimate investment returns by paying early investors with funds from later investors in what is commonly known as a Ponzi scheme. Login for more...



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