Ponzi / Pyramid

The promissory notes were on letterhead. The bonds did not exist.

Edwin Emmett Lickiss, Jr., 78, of Danville, pleaded guilty this week to running a Ponzi scheme that lasted from 1998 to 2024 and took at least $9.5 million from more than 93 investors. The license he needed to do any of it was gone by 2016.

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