Rhode Island investment - News

RI woman charged with defrauding local investors - The Virginian-Pilot The Virginian-Pilot, VA - Apr 16, 2009 RI woman charged with defrauding local investorsA Rhode Island judge is scheduled to review the case in early May. "The defendant operated an investment fund that was, in essence, a front for a Ponzi scheme," Rhode Island Attorney General Patrick C. Lynch said in a statement.

Stimulus money goes to local arts - The Brown Daily Herald The Brown Daily Herald, RI - Apr 16, 2009 Stimulus money goes to local artsOf the $1.1 billion allotted to Rhode Island under the economic stimulus bill signed by President Obama in February, $291500 is on its way to local art projects. The American Recovery and Reinvestment Act of 2009 included $50 million for the National

Sen. Reed shares Washington outlook on economy - Jamestown Press Jamestown Press,  USA - Apr 16, 2009 Sen. Reed shares Washington outlook on economyEmployment security is also a concern as the unemployment rate has surpassed 10 percent in Rhode Island. "This is a fragile moment," he said. Reed said the first response from the federal government was the stimulus package which was passed by Congress

Ending Weyerhaeuser Shareholders Know Is CEO's Focus Bloomberg - Apr 16, 2009 Weyerhaeuser, which got its start in 1900 when German immigrant Frederick Weyerhaeuser bought a swath of Washington state forest the size of Rhode Island, is No. 2, with 6.4 million acres. “Plum Creek has a huge advantage,” Willens said.

As Christians celebrate Easter, religious leaders across Rhode ... - Providence Journal Providence Journal, RI - Apr 12, 2009 Providence JournalAs Christians celebrate Easter, religious leaders across Rhode “We need it bad,” declared the senior minister of the First Baptist Church in America, the Providence congregation whose roots go directly back to Rhode Island’s founder, Roger Williams. “Shootings, financial corruption, people losing their jobs and

RI woman charged with defrauding local investors - The Virginian-Pilot

16.04.09

A former commodities trader is facing 142 charges that she scammed millions from investors in a pyramid scheme that deceived 11 Virginia Beach residents, some of whom she wooed at an exclusive island in the Caribbean.

The charges against Elizabeth C. Baldwin, all felonies, include computer fraud and obtaining money under false pretenses. A Rhode Island judge is scheduled to review the case in early May.

"The defendant operated an investment fund that was, in essence, a front for a Ponzi scheme," Rhode Island Attorney General Patrick C. Lynch said in a statement. "In addition to funding her lavish lifestyle, the money she swindled also was used to pay early investors in the Ponzi pyramid."

Officials allege that Baldwin, who lives in Newport, R.I., took about $7 million from 47 people. She called her trading business The Newportant Group, but it was never a registered entity, police said. She provided income statements to participants that showed healthy gains. Police determined they were false.

Source: The Virginian-Pilot, VA