What’s News, Breaking: Friday, November 10, 2023
INDONESIAN NATIONAL FACES 16 COUNTS
IN PONZI SCHEME TARGETING SE ASIANS,
ARRAIGNMENT SET FOR MONDAY
DOWNTOWN BROOKLYN — AN INDONESIAN NATIONAL HAS BEEN EXTRADITED FROM SINGAPORE TO FACE charges of running a Ponzi scheme targeting the Indonesian And Indo-American community. A 16-count indictment and 16-count superseding indictment were unsealed in federal court in Brooklyn on Friday, November 10, charging Indonesian national Francius Marganda with securities fraud, wire fraud, money laundering and related conspiracy counts for running a Ponzi scheme from May 2019 to May 2021 that targeted hundreds of victim investors residing in more than 12 states including New York and Indonesia.
Marganda was extradited to the Eastern District of New York from Singapore on Nov. 9 and will be arraigned on Monday, Nov. 13, 2023, before United States Chief Magistrate Judge Lois Bloom at Brooklyn federal court on Cadman Plaza East.