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Fresno man pleads guilty to fraud after running $4.2M Ponzi scheme to pay for luxury cars, mansion
A man accused of orchestrating a Ponzi scheme to steal more than $4.2 million pleaded guilty on Monday in federal court. Royce Newcomb, 62, of Fresno, changed his plea on charges of wire fraud and ...
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DOJ: Fresno man stole $4.2M from government, investors
FRESNO COUNTY, Calif ... According to court documents, from 2017 to 2022, 62-year-old Royce Newcomb owned Strategic Innovations, a technology startup company that claimed to make smart products ...