Sunday, May 19, 2013

Latest local news, weather and high school sports from the Midlands

Thousands of investors get $19M from '3 Hebrew Boys' scam
Posted: 05.16.2012 at 3:37 PM
0
U.S. Attorney Bill Nettles said Wednesday that about 3,800 investors had been sent checks totaling about $19 million.
Photo

COLUMBIA, S.C. (AP) -- Investors are receiving some of the money they entrusted with a South Carolina trio dubbed the "3 Hebrew Boys" currently serving decades in prison for an $80 million scam.

U.S. Attorney Bill Nettles said Wednesday that about 3,800 investors had been sent checks totaling about $19 million.

The payouts are the first ones to the thousands of investors who said they were fleeced by Joseph Brunson, Timothy McQueen and Tony Pough. The men drew their nickname from a Biblical tale about two believers in God who survived being tossed into a fiery furnace because of their faith.

Court-appointed receiver Beattie Ashmore says more payouts are planned.

All three men are currently appealing their 2009 convictions on 58 counts each of mail fraud, money laundering and other charges.

------

Online: http://www.3hbreceiver.com

(Copyright 2012 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Brett Parker murder trial resumes Monday
Yesterday at 3:16 PM  |  1 comment
Thumbnail
Who won the Powerball Jackpot?
Yesterday at 3:22 PM
Thumbnail
Woman behind bars after domestic dispute
WACH Fox News Center  |  Saturday, May 18, 2013
Follow Midlands Connect
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
MoneyWACH
Financial tips & tricks from Palmetto Citizens Federal Credit Union
Mission Midlands
A program from the Oliver Gospel Mission
MOJO Gallery
View and share your pictures from around the Midlands
ADVERTISEMENT