Man Charged With Defrauding Investors In Ponzi Scheme

NEW HAVEN, Conn. (CBS Connecticut and AP) – A Connecticut financial adviser has been charged with running a Ponzi scheme and defrauding clients out of more than $1 million.
The U.S. Securities and Exchange Commission filed a complaint at federal court in New Haven on Thursday, alleging 40-year-old Leon Vaccarelli engaged in a Ponzi scheme for more than four years. The New Haven Register reports the agency is asking to freeze Vaccarelli and his investment firm’s assets, and force him