Former broker pleads guilty after 26-year Ponzi scheme took $9.5 million from 93 investors

Former broker pleads guilty after 26-year Ponzi scheme took $9.5 million from 93 investors

A former California broker has admitted to running a yearslong Ponzi scheme that prosecutors said stole at least $9.5 million from more than 93 investors, as ThinkAdvisor detailed. In a statement, authorities said the fraud continued for years after his license was suspended. What happened? Edwin Emmett Lickiss Jr., 78, of Danville, California, admitted in federal court to wire fraud and money laundering charges, federal prosecutors in Northern …