comscore Couple accused of running Ponzi scheme | Honolulu Star-Advertiser
Top News

Couple accused of running Ponzi scheme

The FBI is seeking a husband and wife accused of running a Ponzi scheme that bilked about $3 million from a dozen investors, nine of whom lived in Hawaii.

Perry and Rachelle Griggs were indicted Thursday by a federal grand jury in Honolulu on 13 counts of wire and mail fraud relating to the scheme that allegedly operated from 2005 through 2009.

Part of the time, Perry Griggs was incarcerated in federal prisons in Nevada, Texas and California. While incarcerated in Nevada, he was housed with a large number of inmates from Hawaii.

The indictment alleges the couple marketed their Aloha Trading investment program to inmates and their families.

The FBI believes the couple may be living in Nevada, California or Washington state.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up