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Feds Indict Former Midland Park Businessman In $350,000 Ponzi Scheme
A federal grand jury on Tuesday indicted a former Midland Park man accused of scamming at least 20 people by soliciting investments in a phony foreign currency Ponzi scheme.
Thomas Lanzana, 51, used the money to buy things on Amazon.com, make payments to a luxury car dealer and jewelry retailer, and for golf expenses, the government charges.
Lanzana, now of Pawleys Island, South Carolina, first solicited $1.1 million from at least 45 customers to invest in what he claimed were highly successful, algorithm-based trading pools in foreign currency derivatives (forex) and other financial instru…
