Following a 2011 CFTC civil suit, three Omaha men have been indicted for operating a Ponzi scheme. Jonathan Arrington, 44; Michael Kratville, 52; and Michael Welke, 38, are alleged to have defrauded 130 investors out of $4.7 million. Each of the accused face fourteen counts of conspiracy and fraud after managing what they claimed to… Continue Reading
Tag Archives: Elite Management Holdings
Accused Commodities Scammers Were Just Looking Out for Little Guy
Posted in Ponzi ProfilesThe promoter and trader of an unregistered commodities pool in Nebraska has been ordered by a federal judge to hand over $387,000 in funds. Michael Welke of Omaha must comply with the injunction after the CFTC implicated him in an alleged Ponzi scheme that defrauded 130 investors out of $4.7 million. Along with Welke, his… Continue Reading