Hunterdon County Man Admits to Defrauding 65 Victims in $9.7 Million Ponzi Scheme - WRNJ Radio

NJ financial planner admits to $10M Ponzi scheme

A Hunterdon County man who ran a college and financial planning business in Somerset County admitted to running a Ponzi scheme that defrauded victims out of more than $9.7 million, federal prosecutors said Friday.The scheme lasted more than a decade.

Clinton NJ Financial Planner Pleads Guilty in $9.7M Ponzi Case

Paul Beers, 67, of Clinton pleaded guilty to wire fraud in a $9.7 million Ponzi scheme run through his Bedminster firm, KJM Financial.

Clinton man pleads guilty in $9.7 million Ponzi scheme that hit 65 investors

Paul Beers, 67, admitted running a decade-long Ponzi scheme through his Bedminster firm that cost 65 investors more than $9.7 million.

Hunterdon County man admits to defrauding 65 victims in $9.7 million Ponzi scheme - WRNJ Radio

CLINTON, N.J. (Hunterdon County) — A 67-year-old Hunterdon County man who operated a college consulting and financial planning business in Somerset County has pleaded guilty to running a Ponzi scheme …