Montclair Woman Charged in Ponzi Scheme

Update: New York Daily News has photo of Antoinette “Dina” Hodgson leaving court room yesterday.
Antoinette Hodgson, a 58-year-old Montclair woman, has turned herself into the FBI and been charged in a $45 million Ponzi scheme. According to the FBI, Hodgson promised high rates of return to investors who gave her money to renovate and flip residential real estate, while she gambled heavily in Las Vegas and Atlantic City. More details here.

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  1. Well, she’s probably just as likely to make, or lose, money in Vegas as she is flipping homes here.

  2. Even Corzine’s pick for deputy governor trusted her retirement to Madoff. Could you imagine someone this gullible and void of performing due diligence on her own budget was tasked to be the potential governor of our state?
    It’s no wonder Christie won the election.
    In other news, about 3 out of every 10 mortgages signed in the last five years will end in default due to the homeowner being unable to afford the loan in the first place. People are certainly gullible. They actually believe there is a difference between Dems and Repubs.

  3. In More Other News, the owners and operators of Bill’s Bait and Sushi in Upper Baristaville have been arrested and charged with running a Ponzu Scheme.

  4. Looking at the recent recession-driven spike in crime reported here, I would say that there is a ‘high rate of return’ to the county penal system. No?

  5. Nellie,
    But there is always paying off credit card debt. Double digit returns, risk free, tax free.

  6. I would be very happy to give you a 10 per cent annual return for any money you would like to deposit with me.

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