Two Burlington-area men are facing federal fraud and money laundering charges after prosecutors say they operated a Ponzi scheme that cost investors tens of millions of dollars

Two Burlington-area men are facing federal fraud and money laundering charges after prosecutors say they operated a Ponzi scheme that cost investors tens of millions of dollars

Two Burlington-area men are facing federal fraud and money laundering charges after prosecutors say they operated a Ponzi scheme that cost investors tens of millions of dollars. Chad Boal of Burlington and Cory Richards of West Burlington were indicted by a federal grand jury in May and are charged with conspiracy to commit wire fraud, three counts of wire fraud, and 12 counts of money laundering involving more than $10,000. Both men have been r…