Former Danville, Alamo financial advisor pleads guilty to decades-long Ponzi scheme

Former Contra Costa County Financial Advisor Pleads Guilty To Decades-Long Ponzi Scheme

A long-time Contra Costa County financial advisor was convicted of running a decades-long Ponzi scheme and pocketing over $9 million for almost a decade, federal prosecutors said. Edwin Lickiss, 78, pleaded guilty in federal court to one count of wire fraud and one count of money laundering in connection with the scheme, the U.S. Attorney for the Northern District of California said in a statement. Between 1998 and 2024, Lickiss worked as a …

Danville Man Admits To Running $9.5 Million Ponzi Scam

OAKLAND — Danville resident Edwin Emmett Lickiss, Jr. pleaded guilty to running a Ponzi scheme that defrauded investors out of a combined $9.5 million over more than 20 years, federal prosectors announced Wednesday. Lickiss, 78, was convicted of one count of wire fraud and one count of money laundering for the scheme, which he operated from 1998 to 2024, according to a news release from the U.S. Attorney’s Office for the Northern District of Cal…

Former Danville, Alamo financial advisor pleads guilty to decades-long Ponzi scheme

A long-time Contra Costa County financial advisor was convicted of running a decades-long Ponzi scheme and pocketing over $9 million for almost a decade, federal prosecutors said.